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On the evolutionary stability of the sentiment investor
Antico, Andrea; Bottazzi, Giulio; Giachini, Daniele - 2022
The behavioural finance literature attributes the persistent market misvaluation observed in real data to the presence of deviations from rational thinking of the actors involved. Cognitive biases and the use of simple heuristics can be described using expected utility maximising agents that...
Persistent link: https://www.econbiz.de/10013161531
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A General Theory of Time Discounting : The Reference-Time Theory of Intertemporal Choice
al-Nowaihi, Ali - 2008
effect, delay-speedup asymmetry, apparent intransitivity of time preferences, and non-additivity of time discounting. We …
Persistent link: https://www.econbiz.de/10012723859
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Foundations for Intertemporal Choice
al-Nowaihi, Ali - 2018
function exhibits declining, constant or increasing impatience. The third function, the generating function, links the speedup …
Persistent link: https://www.econbiz.de/10012920859
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Chapter 5 The Economic Theory of Gift-Giving: Perfect Substitutability of Transfers and Redistribution of Wealth
Mercier Ythier, Jean - In: Handbook of the economics of giving, altruism and …, (pp. 227-369). 2006
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent voluntary redistribution of income or wealth. The theory...
Persistent link: https://www.econbiz.de/10014023678
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Dynamic consistent alpha-maxim expected utility
Beißner, Patrick; Lin, Qian - 2015
We establish a class of fully nonlinear conditional expectations. Similarly to the usage of linear expectations when a probabilistic description of uncertainty is present, we observe analogue quantitative and qualitative properties. The type of nonlinearity captures the agents sentiments of...
Persistent link: https://www.econbiz.de/10010477162
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Dynasties and destiny: On the roles of altruism and impatience in the evolution of consumption and bequests
Stark, Oded; Falk, Ita - 2000
We study the joint role of altruism and impatience, and the impact of evolution in the formation of long-term time … relate to altruism and to impatience and we reason that long-lived dynasties will be characterized by a higher degree of … altruism and a lower degree of impatience than short-lived dynasties. …
Persistent link: https://www.econbiz.de/10010292746
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Procrastination, academic success and the effectiveness of a remedial program
De Paola, Maria; Scoppa, Vincenzo - 2014
Procrastination produces harmful effects for human capital investments and studying activities. Using data from a large sample of Italian undergraduates, we measure procrastination with the actual behaviour of students, considering the delay in finalizing their university enrolment procedure. We...
Persistent link: https://www.econbiz.de/10010257601
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Preferences over time and under uncertainty : theoretical foundations
Al-Nowaihi, Ali; Dhami, Sanjit S. - 2021
individually determine stationarity, the common difference effect and its converse; constant, decreasing and increasing impatience …
Persistent link: https://www.econbiz.de/10012599133
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Globalization, time-preferences, and populist voting
Aronsson, Thomas; Hetschko, Clemens; Schöb, Ronnie - 2020
model links impatience to voters’ appraisals of an income shock due to globalization that is associated with short-run costs …
Persistent link: https://www.econbiz.de/10012258291
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Hyperbolical discounting and endogenous growth
Strulik, Holger - 2013
This paper provides the exact analytical solution for the standard model of endogenous growth when consumers have present-biased preferences and make time-inconsistent savings plans, which they revise continuously. It is shown that long-run growth is not necessarily lower under present-biased...
Persistent link: https://www.econbiz.de/10010202229