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DR.VSR.SUBRAMANIAM - EconWPA - 2005

off-setting entry is a miscellaneous loss expense entry,in the Profit making US Income Statement. As a Prime Developed … Pumping wealth from developed nations. A Notional Balance sheet of USA, balances only with a Loss to the Assets(Debit). This …

Persistent link: https://www.econbiz.de/10005556940

Evolution as Learning Yields Hyperbolic Discounting

Woods, James - EconWPA - 2003

decrease, known as hyperbolic discounting, is consistent with what is observed in psychology studies, while the limiting case …, exponential discounting, is consistent with market level observations. This model closes the gap between individual and market … level observations of discounting behavior without explicitly assuming the two kinds of discounting nor relying on …

Persistent link: https://www.econbiz.de/10005125641

Acturial Adjustment Aspects of Public Pension Schemes

Galuscak, Kamil - EconWPA - 2001

.S. pension scheme, that discounting plays a crucial role, since the formula for the present discounted value of future retirement … at least 25% greater than it is in the case when discounting is neglected. Moreover when accouting for risk aversion …

Persistent link: https://www.econbiz.de/10005408311

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

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

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

RECOVERABLE COST: THE BASIS OF A GENERAL THEORY OF FINANCIAL ACCOUNTING MEASUREMENT

salvary, stanley c. w. - EconWPA - 2005

This paper addresses a very profound question concerning financial accounting. Is financial accounting measurement. as represented by diverse valuation rules. hodgepodge or is it logically developed? Salvary [1985. p.28. Chap. IV] advances and provides a theoretical development of the concept of...

Persistent link: https://www.econbiz.de/10005408116

Opinion Pooling under Asymmetric Information

Dietrich, Franz - EconWPA - 2004

If each member of a group assigns a certain probability to a hypothesis, what probability should the collective as a whole assign? More generally, how should individual probability functions be merged into a single collective one? I investigate this question in case that the individual...

Persistent link: https://www.econbiz.de/10005412461

Asymmetric loss utility: an analysis of decision under risk

Strashny, Alex - EconWPA - 2004

asymmetric loss function. Expected utility is seen as a special case that is a good approximation in some cases. The model …

Persistent link: https://www.econbiz.de/10005118544

Asymmetric loss utility: an analysis of decision under risk

Strashny, Alex - EconWPA - 2004

asymmetric loss function. Expected utility is seen as a special case that is a good approximation of the general case in some …

Persistent link: https://www.econbiz.de/10005118587