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Designing of an investment trust : theoretical foundations

Takata, Fujio - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015604924

Separating discounting from changing utility

Webb, Craig S. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638829

Optimal rebalancing strategies reduce market variability

Holden, Helge; Holden, Lars - 2025

The increasing fraction of passive funds influences stock market variability since passive investors behave differently than active investors. We demonstrate via simulations how portfolios that rebalance between different classes of assets influence the market variability. We prove that the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654751

Mean-field equilibrium price formation with exponential utility

Fujii, Masaaki; Sekine, Masashi - 2025 - This version: January 6, 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015164456

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Mean-field equilibrium price formation with exponential utility

Fujii, Masaaki; Sekine, Masashi - 2023

Book / Working Paper

Mean-field equilibrium price formation with exponential utility

Fujii, Masaaki; Sekine, Masashi - 2023 - The first version: 14 April, 2023

Edition: The first version: 14 April, 2023

Book / Working Paper

Subjective probability distributions of nonlinear payoffs : Recovering option payoff, agent’s utility, and pricing kernel distributions

Yamazaki, Akira - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015372650

Risky intertemporal choices have a common value function, but a separate choice function

Fidanoski, Filip; Dixit, Vinayak; Ortmann, Andreas - 2025

Luckman et al. (2018) experimentally tested the conjecture that a single model of risky intertemporal choice can account for both risky and intertemporal choices, and under the conditions of their experiment, found evidence supporting it. Given the existing literature, that is a remarkable...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015272966

Beyond present bias: exploring temporal smoothing biases

Drugeon, Jean-Pierre; Wigniolle, Bertrand - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015333208

Some notes on Savage's representation theorem

Frahm, Gabriel; Hartmann, Lorenz - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015333320

The Saint Petersburg paradox and its solution

Mattalia, Claudio - 2025

This article describes the main historical facts concerning the Saint Petersburg paradox, the most important solutions proposed thus far, and the results of new experimental evidence and a simulation of the game that shed light on a solution for this paradox. The Saint Petersburg paradox has...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015334556

Econometrics of insurance with multidimensional types

Aryal, Gaurab; Perrigne, Isabelle; Vuong, Quang H.; … - 2025

In this paper, we address the identification and estimation of insurance models where insurees have private information about their risk and risk aversion. The model includes random damages and allows for several claims, while insurees choose from a finite number of coverages. We show that the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015190336

Properties of Homothetic Robust Epstein-Zin Utility

Kusuda, Koji - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015358362

Optimal risk sharing with translation invariant recursive utility for jump-diffusions

Aase, Knut K. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015471575

Recursive utility and jumpdiffusions

Aase, Knut K. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015471593

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Recursive utility and jump-diffusions

Aase, Knut K. - 2015

Book / Working Paper

Recursive utility and jump-diffusions

Aase, Knut K. - 2014

Book / Working Paper

Recursive Utility and Jump-Diffusions

Aase, Knut K. - 2015

Book / Working Paper

Recursive Utility and Jump-Diffusions

Aase, Knut K. - 2014

Book / Working Paper

Optimal insurance policies and saving in a temporal world

Aase, Knut K. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015471597

The economics of risk sharing in discrete time with translation invariant recursive utility

Aase, Knut K. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015473078

Optimal risk sharing with translation invariant recursive utility in continuous time

Aase, Knut K. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015473080

Scanner data and the construction of inter-regional price indexes

Diewert, Walter E.; Abe, Naohito; Tonogi, Akiyuki; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015474176

What can empirical utility functions tell us about the value of a statistical life?

Elvik, Rune - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015447616

Indexical utility : another rationalization of exponential discounting

Spohn, Wolfgang - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015450283

Are long-lived persons utility monsters?

Ponthière, Grégory - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015450312

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Are long-lived persons utility monsters?

Ponthière, Grégory - 2022

Book / Working Paper

Two-stage budgeting through utility maximization and expenditure minimization under homogeneous separability

Atoo, Ashley; Codognato, Giulio - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015482741

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Two-stage budgeting through utility maximization and expenditure minimization under homogeneous separability

Atoo, Ashley; Codognato, Giulio - 2025

Book / Working Paper

On the existence of recursive utility

Kochov, Asen - 2025

Recursive utility functions are often defined implicitly, as the solution of a functional equation known as the Koopmans recursion. As conditions for a unique solution can be demanding, a recent literature has tackled the problem of multiplicity, advocating that one focus attention on either the...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015455037

The shape of U : on the structure of utility from electric vehicle charging

Theile, Philipp - 2025

With the growing adoption of electric vehicles, understanding user charging behavior is increasingly important for informing operational, investment, and policy decisions regarding their integration into the power system. While utility functions are commonly used to describe user preferences in...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015432984

Behavioral dynamic portfolio selection with S-shaped utility and epsilon-contaminations

Cinfrignini, Andrea; Petturiti, Davide; Vantaggi, Barbara - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015433318

What's in a u?

Alaoui, Larbi; Penta, Antonio - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015437698

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What's in a u?

Alaoui, Larbi; Penta, Antonio - 2025

Book / Working Paper

Random preference model

Ghaderi, Mohammad; Jedidi, Kamel; Kadziński, Miłosz; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015439052

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Random preference model

Ghaderi, Mohammad; Jedidi, Kamel; Kadziński, Miłosz; … - 2025

Book / Working Paper

Optimal portfolio analysis using power and natural logarithm utility functions with e-commerce data

Diyanti, Apni; Ansori, Moch. Fandi; Hariyanto, Susilo; … - 2025

Determining the optimal portfolio is important in the investment process because it includes the selection of appropriate fund allocation to manage financial risk effectively. Although risk cannot be entirely eliminated, it is managed through strategic allocation based on investor preferences....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015457497

Altruistic giving and risk taking in human affairs

Stark, Oded; Balbus, Lukasz - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015445372

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Altruistic giving and risk taking in human affairs

Stark, Oded; Balbus, Lukasz - 2024

Book / Working Paper

Altruistic giving and risk taking in human affairs

Stark, Oded; Balbus, Lukasz - 2024

Book / Working Paper

Violin virtuosi : do their performances fade over time?

Puppe, Clemens; Tasnádi, Attila - 2025

In many professional activities humans are getting better generation by generation. This is supposed to be the case, for instance, in sports and in science. Is it true in the arts? In this paper, we consider violinists from the time period in which audio and video recordings became possible....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015427455

Optimal choice of crop insurance : the case of winter barley in France

Dorobantu, Diana; Pham, Gia Hien - 2025

This paper analyzes how the agricultural insurance market is adapting to climate change, particularly as extreme weather events become more frequent and severe. We focus on the optimal decision faced by a risk-averse farmer who wants to insure their crop while making savings. They can choose...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015561624

Mean-field price formation on trees

Fujii, Masaaki - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015492642

Multivariate risk attitude : a comparison of alternative approaches in sustainability policies

Beccacece, Francesca - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015593567

On Specimen Theoriae Novae de Mensura Sortis of Daniel Bernoulli

Modesti, Paola - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015593617

The concept of a behavioral model of decision-making under risk

Falkiewicz, Ewa - 2025

This study outlines the decision-making process under risk considering the psychological aspects of the decision-maker. The aim is to construct a principle of an optimal decision for an individual decision-maker. The study considers a finite, d iscrete s et o f a cceptable decisions, a set of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015596308

Complementarity, heterogeneity, and multipliers : utility for hank

Bilbiie, Florin; Hanks, Fergal; Lavender, Sean - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015553592

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Complementarity, heterogeneity, and multipliers : utility for HANK

Bilbiie, Florin; Hanks, Fergal; Lavender, Sean - 2025

Book / Working Paper

Evolution and theoretical implications of the utility concept

Di Foggia, Giacomo; Arrigo, Ugo; Beccarello, Massimo - 2025

We review the evolution of the concept of utility in economics, addressing the conceptual and terminological fragmentation that characterises the interdisciplinary debate. This study adopts the scoping review framework to systematically analyse the main theoretical approaches, ranging from...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015475213

Appraising the central tendency of distributions of a cardinal and an ordinal variable

Gargani, Tom; Gravel, Nicholas - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015396699

The core-periphery model under additively separable preferences

Wang, Congcong; Zeng, Dao-Zhi; Zhu, Xiwei - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015399172

Identification of random coefficient latent utility models

Allen, Roy E.; Rehbeck, John - 2025

This paper provides nonparametric identification results for random coefficient distributions in perturbed utility models. We cover discrete choice and models of multiple purchases. We establish identification using variation in mean quantities. The results apply even when an analyst observes...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015533248

Homo Economicus is also a social animal : ergo, he can be taxed (all but costlessly)

Qeren, Mîḵā'ēl - 2025

Can rising income inequality be reduced by taxation without harming incentives? Yes, it can, when account is taken of man as a social animal who therefore seeks social status. What counts for social status is not our absolute resources but where we stand relative to others. The more incomes...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015664881

Two-person fair division with additive valuations

Kilgour, D. Marc; Vetschera, Rudolf - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015056287

Estimating preference parameters from strictly concave budget restrictions

Gerhardt, Holger; Suchy, Rafael - 2024

We propose an easy-to-use method for estimating preference parameters experimentally: choices from strictly concave budget restrictions (SCBRs). SCBRs generalize the popular method of analyzing choices from linear budget restrictions (LBRs). SCBRs promise (i) to improve the informational content...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015062922

Why is economics the only discipline with so many curves going up and down? : there is an alternative

Dosi, Giovanni - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014566807

Ordinal utility differences

Baccelli, Jean - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014550989

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Ordinal Utility Differences

Baccelli, Jean - 2023

Book / Working Paper

Dynamic asset allocation and consumption with the indirect utility function

Chibane, Messaoud; Six, Pierre - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014553017

Optimal consumption for recursive preferences with local substitution under risk

Li, Hanwu; Riedel, Frank - 2024

We explore intertemporal preferences that are recursive and account for local intertemporal substitution. First, we establish a rigorous foundation for these preferences and analyze their properties. Next, we examine the associated optimal consumption problem, proving the existence and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015066357