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Evolution, heritable risk and skewness loving

Heller, Yuval; Robson, Arthur John - In: Theoretical economics : TE ; an open access journal in … 16 (2021) 2, pp. 403-424

Our understanding of risk preferences can be sharpened by considering their evolutionary basis. The existing literature has focused on two sources of risk: idiosyncratic risk and aggregate risk. We introduce a new source of risk, heritable risk, in which there is a positive correlation between...

Persistent link: https://www.econbiz.de/10012587359

Tracking Economic Growth by Evolving Expectations via Genetic Programming : A Two-Step Approach

Claveria, Oscar - 2018

agents' expectations from tendency surveys. First, we design a genetic programming experiment to derive mathematical …

Persistent link: https://www.econbiz.de/10012909960

Nowcasting and Forecasting GDP Growth with Machine-Learning Sentiment Indicators

Claveria, Oscar; Monte, Enric; Torra, Salvador - 2021

We apply the two-step machine-learning method proposed by Claveria et al. (2021) to generate country-specific sentiment indicators that provide estimates of year-on-year GDP growth rates. In the first step, by means of genetic programming, business and consumer expectations are evolved to derive...

Persistent link: https://www.econbiz.de/10013238396

Tracking Economic Growth by Evolving Expectations Via Genetic Programming : A Two-Step Approach

Claveria, Oscar - 2018

agents' expectations from tendency surveys. First, we design a genetic programming experiment to derive mathematical …

Persistent link: https://www.econbiz.de/10012928856

Risk attitudes, development, and growth : macroeconomic evidence from experiments in 30 countries

Vieider, Ferdinand M.; Chmura, Thorsten; Martinsson, Peter - 2012

We measure risk attitudes in 30 different countries in a controlled, incentivized experiment (N = 3025). At the … personal income within countries. We show that this paradox can be explained by unified growth theory. These results are …

Persistent link: https://www.econbiz.de/10009671257

Tests de causalité sur données de panel : une application à l'étude de la causalité entre l'investissement et la croissance

Weinhold, Diana - In: Economie & prévision : EP (1996), pp. 163-175

Persistent link: https://www.econbiz.de/10001220976

Heterogeneous Households under Uncertainty

Veronesi, Pietro - 2019

I characterize a dynamic economy under general distributions of households' risk tolerance, endowments, and beliefs about long-term growth. As the economy expands and the stock market rises (a) the fraction of households with declining consumption-share increases; (b) the wealth-share of high...

Persistent link: https://www.econbiz.de/10012894596

Heterogeneous Households Under Uncertainty

Veronesi, Pietro - 2019

Persistent link: https://www.econbiz.de/10012894994

Heterogeneous Households Under Uncertainty

Veronesi, Pietro - 2019

Persistent link: https://www.econbiz.de/10012896656

Individual preferences, human capital, and economic development

Vischer, Thomas - 2012

with the theory of expected utility. The present study reviews recent trends in the modeling of decision theories, with a … particular focus on the distinctive features of prospect theory. The novel contribution of this study is an empirical analysis of … study of the dissertation investigates the effect of income on democracy, based on the premise that the theory of critical …

Persistent link: https://www.econbiz.de/10009686885