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financial flow utility concept. This utility function is defined as linear extension of multicriteria comparison determined by … the time preference and the capital preference. Then the present value is equal to financial flow utility. Therefore, the … law of diminishing marginal wealth utility has been considered as additional feature of the present value. The future …
Persistent link: https://www.econbiz.de/10011131895
financial flow utility concept. This utility function is defined as linear extension of multicriteria comparison determined by … the time preference and the capital preference. Then the present value is equal to financial flow utility. Therefore, the … law of diminishing marginal wealth utility has been considered as additional feature of the present value. The future …
Persistent link: https://www.econbiz.de/10010684380
financial flow utility concept. This utility function is defined as linear extension of multicriteria comparison determined by … the time preference and the capital preference. Then the present value is equal to financial flow utility. Therefore, the … law of diminishing marginal wealth utility has been considered as additional feature of the present value. The future …
Persistent link: https://www.econbiz.de/10010684999
The efficient-market hypothesis (EMH) is one of the most important economic and financial hypotheses that have been tested over the past century. Due to many abnormal phenomena and conflicting evidence, otherwise known as anomalies against EMH, some academics have questioned whether EMH is...
Persistent link: https://www.econbiz.de/10012237439
The efficient-market hypothesis (EMH) is one of the most important economic and financial hypotheses that have been tested over the past century. Due to many abnormal phenomena and conflicting evidence, otherwise known as anomalies against EMH, some academics have questioned whether EMH is...
Persistent link: https://www.econbiz.de/10013199649
Persistent link: https://www.econbiz.de/10012423899
Persistent link: https://www.econbiz.de/10009376927
Persistent link: https://www.econbiz.de/10010200843
Persistent link: https://www.econbiz.de/10010247752
Experimental and empirical evidence shows that the utility an individual derives from a certain state depends on the … reference states - and hence utility - can relatively easily be influenced without changing people’s outcomes, e.g., through …
Persistent link: https://www.econbiz.de/10009751388