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Dynamic Preferences, Choice Mechanisms, and Welfare
Ludwig Von Auer
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Description for Dynamic Preferences, Choice Mechanisms, and Welfare
Paperback. This survey of literature on intertemporal utility provides an analysis of dynamic decision making. It introduces a classification system which seeks to allow organization of the heterogenous literature on intertemporal utility. The second part addresses aspects of intertemporal decision making. Series: Lecture Notes in Economics and Mathematical Systems. Num Pages: 240 pages, biography. BIC Classification: KCA; PBW. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 235 x 155 x 13. Weight in Grams: 770.
For most economic aspects of human behaviour, static deci sion models provide an insufficient description. More specifically, they ignore the fact that preferences may change over time and that at each point of time current preferences depend on aspects which are associated with the past or the future. The neglect of these phenomena may lead to results which have little in com mon with real life. Dynamic decision models were developed in order to cope with these complications. Spurred by the availability of new mathematical tools such as optimal control theory and dynamic programming, dynamic utility models mushroomed over the ... Read more
For most economic aspects of human behaviour, static deci sion models provide an insufficient description. More specifically, they ignore the fact that preferences may change over time and that at each point of time current preferences depend on aspects which are associated with the past or the future. The neglect of these phenomena may lead to results which have little in com mon with real life. Dynamic decision models were developed in order to cope with these complications. Spurred by the availability of new mathematical tools such as optimal control theory and dynamic programming, dynamic utility models mushroomed over the ... Read more
Product Details
Format
Paperback
Publication date
1998
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
240
Condition
New
Series
Lecture Notes in Economics and Mathematical Systems
Number of Pages
228
Place of Publication
Berlin, Germany
ISBN
9783540643203
SKU
V9783540643203
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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