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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.

Author: Finkelshtain, Israel, Bar-Shira, Ziv
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 1999
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

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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.

Author: Kirman, Alan, Schulz, Rainer, Hardle, Wolfgang, Werwatz, Axel
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2005
United Kingdom, Germany, France, Analysis, Markets (Economics), Deals, Deals (Business)

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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.

Author: Wagner, Richard E.
Publisher: Elsevier B.V.
Publication Name: Journal of Economic Behavior & Organization
Subject: Economics
ISSN: 0167-2681
Year: 2006
United States, Financial Corporations, Influence, Financial institutions

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Subjects list: Economic aspects, Consumer behavior, Consumer behaviour
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