Characterization of variation averse preferences by present value
Küçük Resim Yok
Tarih
2020
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Elsevier Science Sa
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This paper uses Gilboa's (1989) variation aversion model to examine additive separability in intertemporal decision models. We present a characterization of this model using present values and based on this characterization, we argue that additive separability may not necessarily be rational in some settings. Our method also has the advantage that it allows for testing models by using econometric techniques. (c) 2020 Elsevier B.V. All rights reserved.
Açıklama
Anahtar Kelimeler
Present Value, Intertemporal Choice, Discounted Utility, Variation Aversion
Kaynak
Economics Letters
WoS Q Değeri
Q2
Scopus Q Değeri
Q2
Cilt
196
