Showing 1 - 10 of 1,762
Persistent link: https://www.econbiz.de/10011919043
Persistent link: https://www.econbiz.de/10001506860
Persistent link: https://www.econbiz.de/10012133873
Suppose populations of economic agents that are parameterized by skewness preference. For stated agents, increasing marginal utility for wealth necessarily is facilitated by a risk premium function that only robustly is parameterized with reference to `relative safety', as opposed to `relative...
Persistent link: https://www.econbiz.de/10013297649
Persistent link: https://www.econbiz.de/10013453861
Persistent link: https://www.econbiz.de/10009488979
This paper considers a model of reference-dependent utility in which the individual makes a conscious choice of her reference point for future consumption. The model incorporates the combination of loss aversion and anticipatory utility as competing forces in the determination of the optimal...
Persistent link: https://www.econbiz.de/10009755861
Persistent link: https://www.econbiz.de/10010393546