Graduate studies at Western
Theory and Decision 51 (2/4):145-172 (2001)
|Abstract||Despite Fisher's (1930) psychological intuitions of and the formal treatment given by Yaari (1965, Review of Economic Studies 32, 137), the intertemporal model of choice is mainly a model with certain lifetime. The purpose of this paper is to reconsider this assumption, starting from a very simple two-period model of choice with lifetime uncertainty. We examine the comparative statics of the model at the first two orders and replace the concept of `pure time preference' by taking into account the subjective treatment of the probability of survival|
|Keywords||Intertemporal choice Lifetime uncertainty Rank dependent utility|
|Categories||categorize this paper)|
|Through your library||Configure|
Similar books and articles
Martin Ahlbrecht & Martin Weber (1997). Preference for Gradual Resolution of Uncertainty. Theory and Decision 43 (2):167-185.
George Wu (1999). Anxiety and Decision Making with Delayed Resolution of Uncertainty. Theory and Decision 46 (2):159-199.
Rosemary Lowry & Martin Peterson (2011). Pure Time Preference. Pacific Philosophical Quarterly 92 (4):490-508.
Paul Bou-Habib (2011). Distributive Justice, Dignity, and the Lifetime View. Social Theory and Practice 37 (2):285-310.
James E. Mazur (2000). Contextual Choice and Other Models of Preference. Behavioral and Brain Sciences 23 (1):108-109.
Sven Ove Hansson (2009). Preference-Based Choice Functions: A Generalized Approach. Synthese 171 (2):257 - 269.
Stephen A. Clark (2000). Revealed Preference and Expected Utility. Theory and Decision 49 (2):159-174.
Till Grüne-Yanoff, Till Grüne-Yanoff and Sven Ove Hansson Royal Institute of Technology, Stockholm Gryne@Infra.Kth.Se.
Matthew C. Wilson (2009). Creativity, Probability and Uncertainty. Journal of Economic Methodology 16 (1):45-56.
Gert de Cooman & Peter Walley (2002). A Possibilistic Hierarchical Model for Behaviour Under Uncertainty. Theory and Decision 52 (4):327-374.
John Quiggin (2001). Production Under Uncertainty and Choice Under Uncertainty in the Emergence of Generalized Expected Utility Theory. Theory and Decision 51 (2/4):125-144.
Mark D. White (2003). Reconciling Homo Economicus and John Dewey's Ethics. Journal of Economic Methodology 10 (2):223-243.
Added to index2010-09-02
Total downloads2 ( #246,694 of 739,575 )
Recent downloads (6 months)0
How can I increase my downloads?