A theory of mood-influenced consumption and investment in health

DOI10.1016/J.MATHSOCSCI.2012.01.003MaRDI QIDQ433810zbMATH OpenOpenAlexFDO

Authors Michael R. Caputo, Amnon Levy

Publication date 6 July 2012

Published in Mathematical Social Sciences (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.mathsocsci.2012.01.003

Mathematics Subject Classification ID

Utility theory (91B16) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74)

Recommendations

• Consumption and investment demand when health evolves stochastically
• Optimal health investment and preference structure
• Stochastic control of individual's health investments
• New insights in the canonical model of health capital
• Intertemporal choice with health-dependent discounting

Cites work

• Comparative Statics for Dynamic Models: Empirical Implications of the Frisch Decomposition
• Foundations of Dynamic Economic Analysis
• How to do comparative dynamics on the back of an envelope in optimal control theory

Cited in

(2)

• The impact of health-related emotions on belief formation and behavior
• Mood and Judgment of Subjective Probabilities: Evidence from the U.S. Index Option Market

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