Intertemporal Preferences Continuous Time by Chi Fu Huang (40 results)

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Hardback or Cased Book. Condition: New. On Intertemporal Preferences in Continuous Time: The Case of Certainty. Book.

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Condition: New. In English.

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Paperback. Condition: New. Print on Demand. This book delves into the fascinating realm of intertemporal preferences, exploring how individuals make choices about consumption over time. The author argues that traditional models fail to adequately capture the dynamic nature of these preferences, particularly the tendency for individuals to substitute consumption across nearby dates. To address this shortcoming, the book introduces a novel family of preference topologies that more accurately reflect the interplay between time and preferences. These topologies are mathematically well-behaved and allow for preferences that exhibit a trade-off between delaying or advancing consumption for increasingly shorter periods. The author demonstrates how these preferences lead to surprising insights into optimal consumption behavior. For instance, optimal consumption plans may involve periods of no consumption followed by periods of rapid consumption, a pattern not predicted by traditional models. Overall, this book offers a significant contribution to the study of intertemporal preferences. Its innovative approach and thought-provoking insights challenge conventional wisdom and provide a deeper understanding of how individuals make consumption decisions over time. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. …

Paperback. Condition: New. Print on Demand. This book explores new topologies for continuous-time consumption models with certainty. Traditional models of this type are not able to represent preferences in a way that is realistic in the context of real-time consumption behavior. This book's topologies rectify this by allowing for preferences like consumption at near-by times to be imperfect substitutes. Consumption can be modeled as both gulps and continuous ingestion, providing a solution to the problem of the 'missing fundamental' in this type of modeling. For economists, this book is an important development in the foundations of economic theory and will provide much needed content for future work on extending this theory to include uncertainty and temporal resolution. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item.…

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Condition: Hervorragend. Zustand: Hervorragend | Sprache: Englisch | Produktart: Bücher | Keine Beschreibung verfügbar.

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HRD. Condition: New. New Book. Delivered from our UK warehouse in 4 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000.

Condition: New. Print on Demand.