Two-moments decision models and utility-representable preferences

Article Abstract:

The risk preferences of any rational individual are representable by a mean standard deviation utility function as long as a decision problem satisfies Meyer's location-scale condition. The properties of the mean standard deviation utility function are inferred from common axioms concerning the risk preferences of a rational decision maker without considering the expected utility model or any of its alternatives. These properties were found to be similar in their graphical presentations and economic implications.

Econometrics & Model Building, Decision-making, Models, Decision making, Usage, Econometrics, Consumer preferences, Rational expectations (Economics), Business models, Utility theory, Utility functions, Standard deviations, Standard deviation

---

Transactions that did not happen and their influence on prices

Article Abstract:

The impact of consumer bargaining on seller's offer price from the study of wholesale fruit and vegetable market in Marseille is examined.

United Kingdom, Germany, France, Analysis, Markets (Economics), Deals, Deals (Business)

---

States and the crafting of souls: mind, society, and fiscal sociology

Article Abstract:

A study on the role of fiscal institutions in shaping individual endogenous preferences is presented.

United States, Financial Corporations, Influence, Financial institutions

Similar abstracts:

• Abstracts: Th existence of steady states in multisector capital accumulation models with recursive preferences. Structure of Pareto optima when agents have stochastic recursive preferences
• Abstracts: Comment on Hovanov, Kolari and Sokolov: a stable currency numeraire?. Robus monetary policy with misspecified models: Does model uncertainty always call for atenuated policy?
• Abstracts: Continuous extensions of an order on a set to the power set. The veil of public ignorance
• Abstracts: The missing piece in policy analysis: Social Security reform. Rethinking social insurance
• Abstracts: Longevity complementarities under competing risks. Risk sharing and industrial specialization: regional and international evidence

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.