Growth trends, cyclical fluctuations, and welfare with non-expected utility preferences

DOI10.1016/0165-1765(95)00760-1zbMath0875.90076OpenAlexW2078129038MaRDI QIDQ1351262

James Pemberton

Publication date: 27 February 1997

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/0165-1765(95)00760-1

zbMATH Keywords

Non-expected utilityDisappointment aversionGrowth and cyclesRecursive preferencesRepresentative agent models

Mathematics Subject Classification ID

Utility theory (91B16) Economic growth models (91B62)

Related Items (1)

On the welfare costs of business-cycle fluctuations and economic-growth variation in the 20th century and beyond

Cites Work

• First order versus second order risk aversion
• Violations of the betweenness axiom and nonlinearity in probability
• A Theory of Disappointment Aversion
• Temporal Resolution of Uncertainty and Dynamic Choice Theory

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