Showing 1 - 6 of 6
stationarity condition for the levels rules out long memory in the squares. …
Persistent link: https://www.econbiz.de/10010746506
conditions, this is simply not fully diversifiable in arbitrary large portfolios. Non-GARCH memory properties arise at the … satisfy these properties. Under no conditions aggregation of GARCH induces long memory conditional heteroskedasticity. …
Persistent link: https://www.econbiz.de/10010746556
subjectivity, epistemic irrationality, endogenous and adaptive preferences, the limitlessness of wants, the absence of moral … evaluation, and the non-specificity of future preferences. The happiness approach is found equally wanting. The main section …
Persistent link: https://www.econbiz.de/10011126528
This paper examines how preference heterogeneity affects the ability of the poor to extract resources from the rich. We study the equilibrium of a game in which coalitions of individuals form parties, parties propose platforms, and all individuals vote, with the winning policy chosen by...
Persistent link: https://www.econbiz.de/10011071391
based on individuals’ ratings of their happiness or life satisfaction rather than on their preferences. In the context of a … revealed and stated preference data. Stigma in revealed preferences, mental accounting in stated preferences and unspecified …
Persistent link: https://www.econbiz.de/10010884533
We provide an axiomatic foundation for the representation of numéraire-invariant preferences of economic agents acting …
Persistent link: https://www.econbiz.de/10010884726