Intertemporal Consumption with Risk: A Revealed Preference Analysis (Record no. 134593)
[ view plain ]
| 000 -LEADER | |
|---|---|
| fixed length control field | 01384nas a2200229Ia 4500 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| 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 |
| Withdrawn status | Lost status | Damaged status | Not for loan | Home library | Current library | Date acquired | Serial Enumeration / chronology | Total Checkouts | Barcode | Date last seen | Price effective from | Koha item type |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dr VKRV Rao Library | Dr VKRV Rao Library | 28/11/2024 | Vol. 106, No. 5 | AI851 | 28/11/2024 | 28/11/2024 | Article Index |