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Precautionary learning and inflationary biases

Dave, Chetan; Feigenbaum, James Allen - In: Macroeconomic dynamics 24 (2020) 5, pp. 1124-1150

Persistent link: https://www.econbiz.de/10012241296

Technical note: time inconsistency of optimal policies of distributionally robust inventory models

Shapiro, Alexander; Xin, Linwei - In: Operations research 68 (2020) 5, pp. 1576-1584

Persistent link: https://www.econbiz.de/10012301576

Computing Markov-perfect optimal policies in business-cycle models

Dennis, Richard J.; Kirsanova, Tatiana - In: Macroeconomic dynamics 20 (2016) 7, pp. 1850-1872

Persistent link: https://www.econbiz.de/10011623554

Delay aversion

Benoît, Jean-Pierre; Ok, Efe A. - In: Theoretical economics : TE ; an open access journal in … 2 (2007) 1, pp. 71-113

, several (nested) comparison methods are developed. These methods yield a theory of delay aversion which parallels that of risk … aversion. The applied strength of this theory is demonstrated in a variety of dynamic economic settings, including the …

Persistent link: https://www.econbiz.de/10011702602

Information, evolution and utility

Samuelson, Larry; Swinkels, Jeroen M. - In: Theoretical economics : TE ; an open access journal in … 1 (2006) 1, pp. 119-142

Human utility embodies a number of seemingly irrational aspects. The leading example in this paper is that utilities often depend on the presence of salient unchosen alternatives. Our focus is to understand <i>why</i> an evolutionary process might optimally lead to such seemingly dysfunctional features...

Persistent link: https://www.econbiz.de/10011704445

Time inconsistent stochastic control in continuous time : theory and examples

Björk, Tomas; Khapko, Mariana; Murgoci, Agatha - 2016

In this paper, which is a continuation of a previous discrete time paper, we develop a theory for continuous time … determination for the equilibrium strategy as well as the equilibrium value function. As applications of the general theory we study …

Persistent link: https://www.econbiz.de/10011646331