Search Results - subject:"preference theory"

A complementary approach to transitive rationalizability

Magyarkuti, Gyula - Volkswirtschaftliche Fakultät, … - 1999

In this article, we study the axiomatic foundations of revealed preference theory. We define two revealed relations …

Persistent link: https://www.econbiz.de/10008623479

The Yield Curve and the Interest Rates Expectations on Fixed Income Market in Colombia Between 2002 and 2007

Rueda, Diego Agudelo; Arango, Mónica Arango - In: Lecturas de Economía (2008) 68, pp. 39-66

How does the yield curve incorporate expectations on the Colombian future short-term interest rates? Two theories have been proposed to explain it: the Expectation Hypothesis and the Liquidity Preference Hypothesis. This paper tests both theories for the TES yield curve as well as for the CDT...

Persistent link: https://www.econbiz.de/10005606925

Preference theory and low fertility: A comparative perspective

Vitali, Agnese; Billari, Francesco C.; Prskawetz, Alexia; … - "Carlo F. Dondena" Centre for Research on Social … - 2007

heterogeneity of preferences concerning the career vs. family dichotomy has been systematized in the Preference Theory approach …

Persistent link: https://www.econbiz.de/10008539869

Four-Moment Asset Pricing Model: Computation Standards and specification Tests for Moment-Related Risk Premia

Lambert, Marie - Luxembourg School of Finance, Faculté de droit, … - 2007

three measures of risk recognized by the Positive Preference Theory. Our study elaborates on the intuition that the Fama …

Persistent link: https://www.econbiz.de/10005242946

A Reinterpretation and Remedy of Keynes’s Liquidity Preference Theory

Huang, Wenge - Départment des sciences administratives, Université … - 2006

controversies of monetary economics. Keynes’s liquidity preference theory remains at the core of the center. This paper starts off … with analyzing the inherent logic of liquidity preference theory and presents a new interpretation of the theory in a more … crucial and unsolved mistake in Keynes’s liquidity preference theory, i.e. interest rate is indeterminate, which is revealed …

Persistent link: https://www.econbiz.de/10005773161

Uncertainty Aversion with Second-Order Utilities and Probabilities

Nau, Robert F. - In: Management Science 52 (2006) 1, pp. 136-145

Subjective expected utility theory does not distinguish between attitudes toward uncertainty (ambiguous probabilities) and attitudes toward risk (unambiguous probabilities). Both are explained in terms of nonlinear utility for money rather than properties of events per se, hence, the decision...

Persistent link: https://www.econbiz.de/10009204259

Preference Anomalies, Preference Elicitation and the Discovered Preference Hypothesis

Braga, Jacinto; Starmer, Chris - In: Environmental & Resource Economics 32 (2005) 1, pp. 55-89

There is wide-ranging evidence, much of it deriving from economics experiments, of ‘anomalies’ in behaviour that challenge standard preference theories. This paper explores the implications of these anomalies for preference elicitation methods. Because methods that are used to inform public...

Persistent link: https://www.econbiz.de/10005681034

An Extension Theorem for Non-transitive Preferences

Brighi, Luigi - Dipartimento di Economia "Marco Biagi", Università … - 2005

-transitivity. The result has potential applications to the theory of choice and specifically to revealed preference theory. …

Persistent link: https://www.econbiz.de/10008517812

Liquidity Preference Theory Revisited—To Ditch or to Build on It?

Bibow, Joerg - EconWPA - 2005

This paper revisits Keynes’s liquidity preference theory as it evolved from the Treatise on Money to The General Theory … policy. Contrary to the neoclassical “special case” interpretation, Keynes considered his liquidity preference theory of …

Persistent link: https://www.econbiz.de/10005126066

A Note on Application of SD Rules to the Selection of Parameter Estimators

Zaras, Kazimierz - In: Management Science 41 (1995) 8, pp. 1415-1416

This note corrects an error in Levy (Levy, H. 1992. Stochastic dominance and expected utility: Survey and analysis. Management Sci. 38 555--592.) and Ben Horim and Levy (Ben Horim, M., H. Levy. 1982. Evaluating estimators using stochastic dominance rules: The variance of a normal distribution....

Persistent link: https://www.econbiz.de/10009208844