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A closer look at the yardstick : a new discount tate measure with precision and range

Yoon, Haewon; Chapman, Gretchen B. - In: Journal of behavioral decision making 29 (2016) 5, pp. 470-480

Persistent link: https://www.econbiz.de/10011631785

Discounting Under Impact of Temporal Risk Aversion - A Case of Continuous Time

Piasecki, Krzysztof Maciej - 2014

. Then the discounting function is given as the unique solution of this initial problem. The formal influence of risk … aversion index on the discounting was pointed out. Among other things, there is proved that for fixed current discount rate the …

Persistent link: https://www.econbiz.de/10013044686

Discounting Under Impact of Temporal Risk Aversion - A Case of Discrete Time

Piasecki, Krzysztof Maciej - 2014

discounting function is given as the unique solution of this initial problem. The formal influence of risk aversion index on the … discounting was pointed out. Among other things, there is proved that for fixed current discount rate the condition of present … shown that nominal discount rate increases with temporal risk aversion index. Obtained discounting model is applied to …

Persistent link: https://www.econbiz.de/10013044736

A simple model of a speculative housing market

Dieci, Roberto (contributor); … - 2009

We develop a simple model of a speculative housing market in which the demand for houses is influenced by expectations about future housing prices. Guided by empirical evidence, agents rely on extrapolative and regressive forecasting rules to form their expectations. The relative importance of...

Persistent link: https://www.econbiz.de/10003811640

Patience Premium

Yelnik, Igor - 2017

We introduce the notion of a patience premium, which is based on the concept of ambiguity aversion and is an ambiguity premium. We identify three reasons for the existence of the patience premium: Certainty preferences: perceived confidence in the expected performance; Comparison with peers:...

Persistent link: https://www.econbiz.de/10012955119