Intertemporal Consumption with Risk: A Revealed Preference Analysis (Record no. 134593)

MARC details
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fixed length control field 01384nas a2200229Ia 4500
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fixed length control field 241128c99999999xx |||||||||||| ||und||
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 0034-6535
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Lanier, Joshua
9 (RLIN) 123779
245 #0 - TITLE STATEMENT
Title Intertemporal Consumption with Risk: A Revealed Preference Analysis
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. The Review of Economics and Statistics
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 1319-1333
520 ## - SUMMARY, ETC.
Abstract We run an experiment to elicit preferences over state-contingent timed payouts. We analyze the data using a new revealed preference method (building on Nishimura et al., 2017) that can test for consistency with utility functions that increase with a given preorder. We find that correlation neutrality, a property implied by discounted expected utility, is widely violated and there is, instead, strong evidence of intertemporal correlation averse behavior. Our results suggest that utility is not additive across both states and time and that credible models of choice need to allow people to prefer negative correlation in timed payouts.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Correlation Neutrality
9 (RLIN) 123780
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Intertemporal Correlation
9 (RLIN) 123781
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Negative Correlation
9 (RLIN) 123782
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Intertemporal Consumption
9 (RLIN) 123783
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Miao, Bin
9 (RLIN) 123784
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Quah, John K.-H.
9 (RLIN) 123785
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Zhong, Songfa
9 (RLIN) 123786
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://doi.org/10.1162/rest_a_01220">https://doi.org/10.1162/rest_a_01220</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 134593
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        Dr VKRV Rao Library Dr VKRV Rao Library 28/11/2024 Vol. 106, No. 5   AI851 28/11/2024 28/11/2024 Article Index