Exotic Preferences for Macroeconomists
Download or Read eBook Exotic Preferences for Macroeconomists PDF written by David Backus and published by . This book was released on 2004 with total page 63 pages. Available in PDF, EPUB and Kindle.
| Author | : David Backus |
| Publisher | : |
| Total Pages | : 63 |
| Release | : 2004 |
| ISBN-10 | : OCLC:249865958 |
| ISBN-13 | : |
| Rating | : 4/5 (58 Downloads) |
Book Synopsis Exotic Preferences for Macroeconomists by : David Backus
Book excerpt: We provide a user's guide to exotic' preferences: nonlinear time aggregators, departures from expected utility, preferences over time with known and unknown probabilities, risk-sensitive 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.
