Measuring preferences over the temporal resolution of consumption uncertainty

DOI10.1016/J.JET.2021.105379MaRDI QIDQ2123161zbMATH OpenOpenAlexFDO

Authors Thomas Meissner, Philipp Pfeiffer

Publication date 8 April 2022

Published in Journal of Economic Theory (Search for Journal in Brave)

Copyright license Creative Commons Attribution 4.0 International

Full work available at URL https://doi.org/10.1016/j.jet.2021.105379

zbMATH Keywords

preference elicitationrecursive utilityrisk and time preferencestiming of resolution of uncertaintytiming premia

Mathematics Subject Classification ID

Individual preferences (91B08)

Recommendations

• The Structure of Preferences and Attitudess towards the Timing of the Resolution of Uncertainty
• Temporal resolution of uncertainty and recursive models of ambiguity aversion
• The aversion to the sequential resolution of uncertainty
• Preferences for the resolution of uncertainty and the timing of information
• Preference for gradual resolution of uncertainty

Cites work

• Discounted linear exponential quadratic Gaussian control
• Eliciting individual discount rates
• Eliciting Risk and Time Preferences
• Expected utility theory and prospect theory: One wedding and a decent funeral
• On monotone recursive preferences
• Preference for gradual resolution of uncertainty
• Preferences for the resolution of uncertainty and the timing of information
• Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework
• Tax and Education Policy in a Heterogeneous-Agent Economy: What Levels of Redistribution Maximize Growth and Efficiency?
• Temporal Resolution of Uncertainty and Dynamic Choice Theory
• Temporal resolution of uncertainty and recursive models of ambiguity aversion
• The ostrich effect: Selective attention to information
• The Structure of Preferences and Attitudess towards the Timing of the Resolution of Uncertainty

Cited in

(4)

• The Structure of Preferences and Attitudess towards the Timing of the Resolution of Uncertainty
• Nonexpected utility preferences in a temporal framework with an application to consumption-savings behaviour
• Restricted dynamic consistency
• Preferences for the resolution of risk and ambiguity

Describes a project that uses

Uses Software

• Z-Tree
• ORSEE

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