Search Results - subject:"Dynamic Consistency"

Amarante, Massimiliano - In: Theory and decision : an international journal for … 83 (2017) 2, pp. 175-193

Persistent link: https://www.econbiz.de/10011781760

Investment, dynamic consistency and the sectoral regulator's obective

Brito, Duarte; Pereira, Pedro; Vareda, João - 2011

overcoming the dynamic consistency problem of regulatory policy towards investment. We model the industry as a regulated duopoly …

Persistent link: https://www.econbiz.de/10010307446

Intertemporal substitution and recursive smooth ambiguity preferences

Miao, Jianjun; Hayashi, Takashi - In: Theoretical Economics 6 (2011) 3, pp. 423-472

In this paper, we establish an axiomatically founded generalized recursive smooth ambiguity model that allows for a separation among intertemporal substitution, risk aversion, and ambiguity aversion. We axiomatize this model using two approaches: the second-order act approach à la Klibanoff,...

Persistent link: https://www.econbiz.de/10011599451

Dynamically consistent CEU preferences

Lapied, André; Toquebeuf, Pascal - HAL - 2011

We give an axiomatic foundation to the updating rule proposed by [Sarin, R. and Wakker, P. P. (1998). Revealed likelihood and knightian uncertainty. Journal of Risk and Uncertainty 16(3):223-250.] for CEU preferences. This rule is dynamically consistent but non-consequentialist, since forgone...

Persistent link: https://www.econbiz.de/10010899878

Unambiguous events and dynamic Choquet preferences

Dominiak, Adam; Lefort, Jean-Philippe - Université Paris-Dauphine (Paris IX) - 2011

This paper explores the relationship between dynamic consistency and existing notions of unambiguous events for Choquet … the decision maker’s preferences respect dynamic consistency on a ﬁxed ﬁltration if and only if the last stage of the …, conditional certainty equivalence consistency and constrained dynamic consistency to ﬁltration measurable acts, it is shown that …

Persistent link: https://www.econbiz.de/10011073093

Investment, dynamic consistency and the sectoral regulator's obective

Brito, Duarte; Pereira, Pedro; Vareda, João - International Telecommunications Society (ITS) - 2011

overcoming the dynamic consistency problem of regulatory policy towards investment. We model the industry as a regulated duopoly …

Persistent link: https://www.econbiz.de/10009370691

Unambiguous events and dynamic Choquet preferences.

Dominiak, Adam; Lefort, Jean-Philippe - Université Paris-Dauphine - 2011

Persistent link: https://www.econbiz.de/10009350341

Intertemporal substitution and recursive smooth ambiguity preferences

Miao, Jianjun; Hayashi, Takashi - In: Theoretical Economics 6 (2011) 3

Persistent link: https://www.econbiz.de/10008694967

Intertemporal substitution and recursive smooth ambiguity preferences

Hayashi, Takashi; Miao, Jianjun - In: Theoretical economics : TE ; an open access journal in … 6 (2011) 3, pp. 423-472

Persistent link: https://www.econbiz.de/10011691090

Process fairness, outcome fairness, and dynamic consistency : experimental evidence for risk and ambiguity

Trautmann, Stefan T.; Kuilen, Gijs van de - In: Journal of risk and uncertainty : JRU 53 (2016) 2/3, pp. 75-88

Persistent link: https://www.econbiz.de/10011744068