Exotic Preferences for Macroeconomists

David Backus, Bryan Routledge, Stanley Zin

We provide a user's guide to exotic' preferences: nonlinear time aggregators, departures from expected utility, preferences over time with known and unknown probabilities, risk-sensitive and robust control, hyperbolic' discounting, and preferences over sets ( temptations'). We apply each to a number of classic problems in macroeconomics and finance, including consumption and saving, portfolio choice, asset pricing, and Pareto optimal allocations

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Year of publication:	June 2004
Authors:	Backus, David
Other Persons:	Routledge, Bryan (contributor) ; Zin, Stanley (contributor)
Institutions:	National Bureau of Economic Research (contributor)
Publisher:	Cambridge, Mass : National Bureau of Economic Research
Subject:	Präferenztheorie \| Theory of preferences \| Erwartungsnutzen \| Expected utility \| Intertemporale Entscheidung \| Intertemporal choice

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Extent:	1 Online-Ressource
Series:	NBER working paper series ; no. w10597
Type of publication:	Book / Working Paper
Language:	English
Notes:	Mode of access: World Wide Web System requirements: Adobe [Acrobat] Reader required for PDF files Hardcopy version available to institutional subscribers.
Other identifiers:	10.3386/w10597 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

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