Journal of Economic Literature, Volumen34,Temas1-2American Economic Association, 1996 |
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Página 53
... preferences of the representative in- dividual ; in this section , I consider three different modifications to the prefer- ences ( 1 ) : generalized expected utility , habit formation , and relative consump- tion effects . 1 ...
... preferences of the representative in- dividual ; in this section , I consider three different modifications to the prefer- ences ( 1 ) : generalized expected utility , habit formation , and relative consump- tion effects . 1 ...
Página 54
... preferences will not change Table 2 : for each value of a , the marginal utility gain of reducing bond holdings and investing in stocks is the same whether the preferences lie in the expected utility class ( 1 ) or in the gener- alized ...
... preferences will not change Table 2 : for each value of a , the marginal utility gain of reducing bond holdings and investing in stocks is the same whether the preferences lie in the expected utility class ( 1 ) or in the gener- alized ...
Página 116
What he calls people's " private preferences " are their true preferences - what they actu- ally desire . Their public preferences are the ones they express openly - which , for the rea- sons noted , often do not coincide with their ...
What he calls people's " private preferences " are their true preferences - what they actu- ally desire . Their public preferences are the ones they express openly - which , for the rea- sons noted , often do not coincide with their ...
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