Beleifs equilibra in an overlapping generations model

Article Abstract:

The standard two generations version includes the overlapping generations model. The model agents believe that, if the money growth rate is high, inflation factors and beliefs keep on fluctuating. Also, the concept of beliefs equilibrium is introduced, where the agents select the most eligible model from the class of models that they have considered.

Equilibrium (Economics), Rationality

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Mispredicting the endowment effect: underestimation of owners' selling prices by buyer's agents

Article Abstract:

The endowment effect indicates that preferences can change rapidly and systematically because of changes in an individual's transient asset position. People's underestimation of the endowment effect's impact on other people's preferences can lead to behavior that can have costly economic consequences.

Endowments

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Tom Sawyer and the construction of value

Article Abstract:

Value creation and its role in shaping customer preferences and experiences are analyzed.

Consumer preferences, Value chain

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