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on Utility Models and Prospect Theory |
| By: | Harin, Alexander |
| Abstract: | A theorem of existence of ruptures in the probability scale has been proven. The theorem can be used, e.g., in economics and forecasting. It can assist to solve paradoxes such as Allais paradox and the “four-fold-pattern” paradox and to create the correcting formula of forecasting. |
| Keywords: | probability; economics; forecasting; modeling; modelling; utility; decisions; uncertainty; |
| JEL: | D81 G11 C5 A1 E17 C1 |
| Date: | 2010–02–08 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:20593&r=upt |
| By: | James Andreoni; Charles Sprenger |
| Date: | 2010–02–04 |
| URL: | http://d.repec.org/n?u=RePEc:cla:levarc:814577000000000447&r=upt |
| By: | James Andreoni; Charles Sprenger |
| Date: | 2010–02–04 |
| URL: | http://d.repec.org/n?u=RePEc:cla:levarc:814577000000000452&r=upt |
| By: | James Andreoni; Charles Sprenger |
| Date: | 2010–02–04 |
| URL: | http://d.repec.org/n?u=RePEc:cla:levarc:814577000000000457&r=upt |
| By: | Di Bartolomeo Giovanni; Giuli Francesco |
| Abstract: | Despite the recent increasing number of studies on monetary policy uncertainty, its role on the strategic interactions between fiscal and monetary policies has not been fully explored. Our paper aims to fill this gap by tackling this issue by evaluating the consequences produced by multiplicative uncertainty in such a context. |
| Keywords: | Monetary-fiscal policy interactions, paramenter uncertainty, symbiosis, monetary policy attenuation |
| JEL: | E61 E63 |
| Date: | 2009–12 |
| URL: | http://d.repec.org/n?u=RePEc:ter:wpaper:0061&r=upt |