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The paper presents a dynamic approach to the theory of uncovered interest rate parity. It is examined the dynamic relation between the actual change in spot exchange rate and interest rate differential. Authors show the hypothesis of uncovered interest rate parity is based on an ex ante view and...
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The essay is the contribution to analysis of the determination and addition of the utility. There are shown the … contradictions between quantitative and qualitative thinking about the problems of utility for the individual and for multitude …
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implications. The distinction is explained among experienced utility, remembered utility and predicted utility as three candidates … for decision utility. Examples of selected empirical findings are given which show discrepancies, first, between past … experienced utility and remembered utility and, second, between predicted utility and actual future experienced utility. Some …
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