resulting from preference heterogeneity. We consider Bayesian expected-payoff maximizers who receive non …

resulting from preference heterogeneity. We consider Bayesian expected-payoff maximizers who receive non …

This study theoretically considers household behavior with wealth preference and empirically investigates the validity … of insatiable wealth preference using a nationally representative survey. With wealth preference, the marginal rate of … increase and has a strictly positive lower bound, implying the insatiability of wealth preference. This property plays a …