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5 days ago · Intertemporal choice refers to the process wherein individuals consider the costs and benefits of options occurring at different periods before making a decision. [1], [2]. Choosing between immediate and delayed options is the common paradigm of intertemporal choice (e.g. ‘Would you prefer [A] 30 CNY today OR [B] 50 CNY in 10 days ...
3 days ago · t. e. In ethical philosophy, utilitarianism is a family of normative ethical theories that prescribe actions that maximize happiness and well-being for the affected individuals. [1] [2] In other words, utilitarian ideas encourage actions that ensure the greatest good for the greatest number.
5 days ago · My principal research interests (with corresponding JEL classification) are: Game Theory and Bargaining Theory (C7) • Market Structure and Pricing (D4) • Information and Uncertainty (D8) • Intertemporal Choice and Growth (D9) • Consumption, Saving, Production, Employment and Investment (E2) • Financial Markets (G1) • Corporate ...
- 31 Buccleuch Place, Edinburgh, EH8 9JT
- Professor of Economics
18 hours ago · Behavioral economics is the study of the psychological, cognitive, emotional, cultural and social factors involved in the decisions of individuals or institutions, and how these decisions deviate from those implied by classical economic theory. [1] [2]
2 days ago · The intertemporal CAPM and consumption-based CAPM similarly extend the model. With intertemporal portfolio choice , the investor now repeatedly optimizes her portfolio; while the inclusion of consumption (in the economic sense) then incorporates all sources of wealth, and not just market-based investments, into the investor's calculation of ...
5 days ago · Abstract: It has been proved that there exist a number of similarities between intertemporal choice and risky choice. The similarities imply that some equal processes may be included in these two choices. Construal level theory (CLT) proposes a new explanation of these similarities.
4 days ago · Overview. This subject examines the development of the microeconomic theory of the behaviour of economic agents and how the behaviour of economic agents and government influence the efficiency of the economy.
