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The Neural Basis of Financial Risk Taking
Kuhnen, Camelia; Knutson, Brian - EconWPA - 2005
Investors systematically deviate from rationality when making financial decisions, yet the mechanisms responsible for these deviations have not been identified. Using event-related fMRI, we examined whether anticipatory neural activity would predict optimal and suboptimal choices in a financial...
Persistent link: https://www.econbiz.de/10005556666
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Housing, Household Portfolio, and Intertemporal Elasticity of Substitution: Evidence from the Consumer Expenditure Survey
Hasanov, Fuad - EconWPA - 2005
This paper investigates whether the inclusion of housing in a household portfolio is important to the household’s intertemporal decision making. Households hold portfolios of assets rather than a Treasury bill and/or a stock index and make their spending decisions based on expected total...
Persistent link: https://www.econbiz.de/10005126248
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The Rate of Interest or the Rate of Return: Estimating Intertemporal Elasticity of Substitution
Dacy, Douglas; Hasanov, Fuad - EconWPA - 2005
This paper investigates whether the rate of interest such as the Treasury bill rate or the rate of return such as the return on a household portfolio is more relevant to the household’s intertemporal decision making. In a current era, households are diversifiers (to use Tobin’s 1958 term)...
Persistent link: https://www.econbiz.de/10005126444
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Pension Contributions as a Commitment device: evidence of sophistication among time-inconsistent households
Sourdin, Patricia - EconWPA - 2005
Sophisticated agents with self-control problems value commitment devices that constrain future choices. Using Australian household data, I test whether these households value commitment devices in the form of illiquid pension contributions. Applying various probabilistic choice models, the...
Persistent link: https://www.econbiz.de/10005556890
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Maintaining Momentum to 2015? An impact evaluation of interventions to improve maternal and child health and nutrition in Bangladesh
White, Howard; Masset, Edoardo; Blondal, Nina; … - EconWPA - 2005
Bangladesh has experienced rapid fertility decline and reductions in under-five mortality over the last three decades … public sector interventions, notably reproductive health and immunization, supported by external assistance from the World …
Persistent link: https://www.econbiz.de/10005407646
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MODELLING THE HEALTH SECTOR MODELLING THE HEALTH SECTOR:NIGERIA
NWAOBI, DR. GODWIN CHUKWUDUM - EconWPA - 2005
GOOD HEALTH IS A CRUCIAL PART OF WELL-BEING BUT SPENDING ON HEALTH CAN BE JUSTIFIED ON ECONOMIC GROUNDS. THE GOAL OF … REDUCING POVERTY PROVIDES A DIFFERENT BUT EQUALLY POWERFUL CASE FOR HEALTH INVESTMENTS. HOWEVER, IF POLICYMAKERS ARE TO … ACCELERATE THE SUBSTANTIAL HEALTH GAINS OF RECENT DECADES, ESPECIALLY FOR THE POOR IN AFRICAN COUNTRIES SUCH AS NIGERIA, THE …
Persistent link: https://www.econbiz.de/10005408428
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MODELLING THE HEALTH SECTOR POLICY REFORMS FOR NIGERIA:A PHASED PROJECT STUDY
NWAOBI, DR. GODWIN CHUKWUDUM - EconWPA - 2005
Good health is a crucial part of well-being but spending on health can be justified on economic grounds. The goal of … reducing poverty provides a different but equally powerful case for health investments. However, if policymakers are to … accelerate the substantial health gains of recent decades, especially for the poor in African countries such as Nigeria, the …
Persistent link: https://www.econbiz.de/10005556956
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A More Realistic Endogenous Time Preference Model and the Slump in Japan
Harashima, Taiji - EconWPA - 2004
This paper presents a more realistic endogenous time preference model, incorporating the property that impatience decreases as consumption increases. The model overcomes a serious drawback of the existing model, which needs the assumption of increasing impatience. The new model is applied to the...
Persistent link: https://www.econbiz.de/10005076835
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CIRCULAR VARIABLE WORK IN PROCESS
Vildosola, Luis - EconWPA - 2002
This work is focused on identifying a circular pull production control system (PPCS) and make emphasis on the presence of a stability attribute. It is an introductory paper to an extended study of macroeconomic financial stability in a physically open but systemic closed system. Previous work...
Persistent link: https://www.econbiz.de/10005126234
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An Estimate of the Elasticity of Intertemporal Substitution in a Production Economy
Harashima, Taiji - EconWPA - 2005
The elasticity of intertemporal substitution (EIS) at the macro level has been estimated mostly based on endowment economy models and these estimates are very sensitive to the choice of interest rates that are used for estimation. Estimates based on production economy models do not need...
Persistent link: https://www.econbiz.de/10005126406