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Zpochybnění deskriptivnosti teorie očekávaného užitku / Expected utility theory reconsidered [available in Czech only]

Skořepa, Michal - Institut ekonomických studií, Univerzita Karlova v Praze - 2006

This paper summarizes the major events in the recent history of modelling human decisions under risk. After presenting the basics of expected utility theory, the key pieces of evidence are described which showed that under certain circumstances, this theory is not descriptively valid. The most...

Persistent link: https://www.econbiz.de/10005673608

Teorie očekávaného užitku versus kumulativní prospektová teorie: empirický pohled (available in Czech only)

Skořepa, Michal - In: Czech Economic Review 1 (2007) 2, pp. 180-195

This paper pits expected utility theory and cumulative prospect theory against each other as regards their descriptive accuracy. Some older as well as newer pieces of evidence are described which show that under certain circumstances, expected utility theory is not descriptively valid. The most...

Persistent link: https://www.econbiz.de/10005698647

Analysis of the relations of time series of the birth rate and marriage rate in the czech republic in the years 1960-2007

Arltová, Markéta; Langhamrová, Jitka - In: Politická ekonomie 2009 (2009) 4, pp. 495-508

The Czech Republic has undergone a profound political, economical and social transformation in the past few decades. The changes that have occurred in society showed strongly in the change in the demographic behaviour of society and the change in the general population climate. The transition to...

Persistent link: https://www.econbiz.de/10005049543

Credit and Household Consumption

Pašalièová, Renata; Stiller, Vladimír - In: Czech Journal of Economics and Finance (Finance a uver) 54 (2004) 11-12, pp. 520-540

household debt has increased in the past five years. The empirical analysis presented in the paper is based on the Life Cycle … have a significant impact on household consumption, and that consumption is acutely sensitive to disposable income. Our … models further confirmed the acute effect real interest rates have on household consumption. We ultimately concluded that …

Persistent link: https://www.econbiz.de/10008549889