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Exotic Preferences for Macroeconomists
| Content Provider | Semantic Scholar |
|---|---|
| Author | Backus, David K. Routledge, Bryan R. Zin, Stanley E. |
| Copyright Year | 2004 |
| Abstract | We provide a user’s guide to “exotic” preferences: nonlinear time aggregators, departures from expected utility, preferences over time with known and unknown probabilities, risksensitive and robust control, “hyperbolic” discounting, and preferences over sets (“temptations”). We apply each to a number of classic problems in macroeconomics and finance, including consumption and saving, portfolio choice, asset pricing, and Pareto optimal allocations. |
| Starting Page | 319 |
| Ending Page | 414 |
| Page Count | 96 |
| File Format | PDF HTM / HTML |
| DOI | 10.1086/ma.19.3585343 |
| Volume Number | 19 |
| Alternate Webpage(s) | http://www.nyu.edu/econ/user/bisina/backus.pdf |
| Alternate Webpage(s) | https://www.nber.org/papers/w10597.pdf |
| Alternate Webpage(s) | http://www.econ.nyu.edu/user/bisina/backus.pdf |
| Alternate Webpage(s) | http://darkwing.uoregon.edu/~harbaugh/Readings/Behavioral%20macro/w10597.pdf |
| Alternate Webpage(s) | http://www.nber.org/papers/w10597.pdf |
| Alternate Webpage(s) | http://web-docs.stern.nyu.edu/salomon/docs/macrofinance/S-MF-04-13.pdf |
| Alternate Webpage(s) | http://darkwing.uoregon.edu/~harbaugh/Readings/Behavioral%20macro/exotic%20preferences%20applied%20to%20macro.pdf |
| Alternate Webpage(s) | http://www.nber.org/books/macro19/w10597.pdf |
| Alternate Webpage(s) | http://hassler-j.iies.su.se/Courses/NewPrefs/Papers/BRZ.pdf |
| Alternate Webpage(s) | http://www.econ.hit-u.ac.jp/~kmkj/uncertainty/BRZ%20exotic%20latest.pdf |
| Alternate Webpage(s) | http://pages.stern.nyu.edu/~dbackus/Exotic/BRZ%20exotic%20latest.pdf |
| Alternate Webpage(s) | https://doi.org/10.1086/ma.19.3585343 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
