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On the term structure of futures and forward prices
Björk, Tomas; Landén, Camilla - 2000
models. We also derive two general pricing formulas for futures options. Finally we present an easily applicable sufficient …
Persistent link: https://www.econbiz.de/10010281306
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On the Term Structure of Futures and Forward Prices
Björk, Tomas; Landen, Camilla - Economics Institute for Research (SIR), … - 2000
models. We also derive two general pricing formulas for futures options. Finally we present an easily applicable sufficient …
Persistent link: https://www.econbiz.de/10005190879
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New Techniques to Extract Market expectations from Financial Instruments
Söderlind, Paul; Svensson, Lars E.O. - Economics Institute for Research (SIR), … - 1996
This paper is a selective survey of new or recent methods to extract information about market expectations from asset prices for monetary policy purposes. Traditionally, interest rates and forward exchange rates have been used to extract expected means of future interest rates, exchange rates...
Persistent link: https://www.econbiz.de/10005423847
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Market Expectations in the UK Before and After the ERM Crisis
Söderlind, Paul - Economics Institute for Research (SIR), … - 1997
The British pound left the ERM on 16 September 1992 after a period of turbulence. UK monetary policy soon shifted to lower short interest rates and an inflation target was announced. This paper uses daily option prices to estimate how the market's probability distribution of the future...
Persistent link: https://www.econbiz.de/10005649327
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From preferences to Cobb-Douglas utility
Voorneveld, Mark - 2008
We provide characterizations of preferences representable by a Cobb-Douglas utility function. …
Persistent link: https://www.econbiz.de/10010281260
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Outer measure and utility
Voorneveld, Mark; Weibull, Jörgen W. - 2008
In most economics textbooks there is a gap between the non-existence of utility functions and the existence of continuous utility functions, although upper semi-continuity is sufficient for many purposes. Starting from a simple constructive approach for countable domains and combining this with...
Persistent link: https://www.econbiz.de/10010281322
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Genetic influences on economic preferences
Cesarini, David; Dawes, Christopher T.; Johannesson, Magnus - 2007
experimentally elicited preferences for risk and giving. Using standard methods from behavior genetics, we find strong prima facie … evidence that these preferences are broadly heritable and our estimates suggest that genetic differences explain approximately … preferences, a source which has hitherto largely been neglected in the economics literature. …
Persistent link: https://www.econbiz.de/10010281464
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Do people care about context? Framing effects in dictator games
Dreber, Anna; Ellingsen, Tore; Johannesson, Magnus; … - 2011
labeling of strategies. Usually these studies cannot tell whether frames affect preferences or beliefs. In this Dictator game … which case the frame may only affect preferences. We find that behavior is insensitive to social framing. …
Persistent link: https://www.econbiz.de/10010286337
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Outer measure and utility
Voorneveld, Mark; Weibull, Jörgen W. - Economics Institute for Research (SIR), … - 2008
In most economics textbooks there is a gap between the non-existence of utility functions and the existence of continuous utility functions, although upper semi-continuity is sufficient for many purposes. Starting from a simple constructive approach for countable domains and combining this with...
Persistent link: https://www.econbiz.de/10005207183
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Do People Care about Social Context? Framing Effects in Dictator Games
Dreber, Anna; Ellingsen, Tore; Johannesson, Magnus; … - Economics Institute for Research (SIR), … - 2011
labeling of strategies. Usually these studies cannot tell whether frames affect preferences or beliefs. In this Dictator game … which case the frame may only affect preferences. We find that behavior is insensitive to social framing. …
Persistent link: https://www.econbiz.de/10009323350