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Foundations for intertemporal choice
Al-Nowaihi, Ali; Dhami, Sanjit S. - 2018
function exhibits declining, constant or increasing impatience. The third function, the generating function, links the speedup …
Persistent link: https://www.econbiz.de/10011800177
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Foundations for Intertemporal Choice
al-Nowaihi, Ali; Dhami, Sanjit - 2018
function exhibits declining, constant or increasing impatience. The third function, the generating function, links the speedup …
Persistent link: https://www.econbiz.de/10011815806
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Optimal time allocation in active retirement
Sanchez-Romero, Miguel; Fürnkranz-Prskawetz, Alexia - 2019
We set up a lifecycle model of a retired scholar who chooses optimally the time devoted to different activities including physical activity, continued work and social engagement. While time spent in physical activity increases life expectancy, continued scientific publications increases the...
Persistent link: https://www.econbiz.de/10011992753
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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/10013205388
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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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Optimal time allocation in active retirement
Sanchez-Romero, Miguel; Fürnkranz-Prskawetz, Alexia - 2019
We set up a lifecycle model of a retired scholar who chooses optimally the time devoted to different activities including physical activity, continued work and social engagement. While time spent in physical activity increases life expectancy, continued scientific publications increases the...
Persistent link: https://www.econbiz.de/10011992739
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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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Consumption habits and humps
Kraft, Holger; Munk, Claus; Seifried, Frank Thomas; … - 2013
some age, the impatience outweighs the habit concerns so that consumption starts to decrease. We derive the optimal …
Persistent link: https://www.econbiz.de/10010327862
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Does Patience Matter for Marriage Stability? Some Evidence from Italy
De Paola, Maria; Gioia, Francesca - 2013
impatience of one standard deviation increases the probability of experiencing divorce by almost one percentage point. Our …
Persistent link: https://www.econbiz.de/10010328886