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Alternative Decision Criteria

Christian Gollier

in Pricing the Planet's Future: The Economics of Discounting in an Uncertain World

Published in print:
2012
Published Online:
October 2017
ISBN:
9780691148762
eISBN:
9781400845408
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691148762.003.0011
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter describes a sample of the alternative decision criteria that have features which are normatively attractive. A standard critique made to the discounted expected utility (DEU) model that ... More


Expanding the Electorate Through Practice: Voting and Habit Formation

Lisa García Bedolla and Melissa R. Michelson

in Mobilizing Inclusion: Transforming the Electorate through Get-Out-the-Vote Campaigns

Published in print:
2012
Published Online:
October 2013
ISBN:
9780300166781
eISBN:
9780300167399
Item type:
chapter
Publisher:
Yale University Press
DOI:
10.12987/yale/9780300166781.003.0006
Subject:
Political Science, Political Theory

This chapter addresses the question of whether individuals who are impelled to vote in a given election are likely to vote in subsequent elections. It shows that voting is habit forming. Across ... More


Consumption and Permanent Income

Angus Deaton

in Understanding Consumption

Published in print:
1992
Published Online:
November 2003
ISBN:
9780198288244
eISBN:
9780191596131
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198288247.003.0003
Subject:
Economics and Finance, Macro- and Monetary Economics

Discusses the permanent income hypothesis and the mechanisms by which consumption smoothing responds to short‐run changes in income. It also reviews the role played by income and expectations in ... More


The Affectivity of Cognition: Journal of Speculative Philosophy Cognition Series, 1868–69

Lara Trout

in The Politics of Survival: Peirce, Affectivity, and Social Criticism

Published in print:
2010
Published Online:
March 2011
ISBN:
9780823232956
eISBN:
9780823235803
Item type:
chapter
Publisher:
Fordham University Press
DOI:
10.5422/fso/9780823232956.003.0003
Subject:
Philosophy, American Philosophy

This chapter examines the affectivity of cognition in Charles S. Peirce's Journal of Speculative Philosophy Cognition Series published in 1868–1869. This publication portrays synechistic individuals ... More


The Affectivity of Inquiry: Popular Science Monthly Illustrations of the Logic of Science Series, 1877–78

Lara Trout

in The Politics of Survival: Peirce, Affectivity, and Social Criticism

Published in print:
2010
Published Online:
March 2011
ISBN:
9780823232956
eISBN:
9780823235803
Item type:
chapter
Publisher:
Fordham University Press
DOI:
10.5422/fso/9780823232956.003.0004
Subject:
Philosophy, American Philosophy

This chapter examines the affectivity of inquiry in Charles S. Peirce's Illustrations of the Logic of Series published in Popular Science Monthly in 1877–1878. In this series Peirce presents a a ... More


Individual Optimality

Claus Munk

in Financial Asset Pricing Theory

Published in print:
2013
Published Online:
May 2013
ISBN:
9780199585496
eISBN:
9780191751790
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199585496.003.0006
Subject:
Economics and Finance, Econometrics

This chapter solves the optimal consumption and investment decisions of a rational individual in various settings. First, the simple one-period framework is considered, where straightforward ... More


Advanced Consumption-Based Asset Pricing

Claus Munk

in Financial Asset Pricing Theory

Published in print:
2013
Published Online:
May 2013
ISBN:
9780199585496
eISBN:
9780191751790
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199585496.003.0009
Subject:
Economics and Finance, Econometrics

Ch. 8 illustrated that the simple CRRA-lognormal consumption-based asset pricing model cannot match stylized empirical facts. This chapter presents a number of extensions of the simple model that ... More


Preferences

Claus Munk

in Financial Asset Pricing Theory

Published in print:
2013
Published Online:
May 2013
ISBN:
9780199585496
eISBN:
9780191751790
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199585496.003.0005
Subject:
Economics and Finance, Econometrics

Asset prices are ultimately determined by the asset supply and demand of individuals and to study that we need to model the preferences of individuals. This chapter presents alternative ... More


Optimal capital income taxation

Matti Tuomala

in Optimal Redistributive Taxation

Published in print:
2016
Published Online:
March 2016
ISBN:
9780198753414
eISBN:
9780191815058
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198753414.003.0014
Subject:
Economics and Finance, Public and Welfare, Financial Economics

Chapter 14 asks the question of how capital income should be taxed. One of the limitations of the standard income tax model is that it does not address intertemporal problems. In an intertemporal ... More


Early Childhood Is Where Many Adult Automatic Processes Are Born

John A. Bargh

in Navigating the Social World: What Infants, Children, and Other Species Can Teach Us

Published in print:
2013
Published Online:
May 2013
ISBN:
9780199890712
eISBN:
9780199332779
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199890712.003.0012
Subject:
Psychology, Cognitive Neuroscience, Cognitive Psychology

Traditionally, the development of automatic processes has been understood in terms of skill acquisition, processes that start out as conscious and intentional, and only after considerable experience ... More


Beyond the Epistemology Industry: Dewey's Theory of Inquiry

Larry A. Hickman

in Pragmatism as Post-Postmodernism: Lessons from John Dewey

Published in print:
2007
Published Online:
March 2011
ISBN:
9780823228416
eISBN:
9780823235544
Item type:
chapter
Publisher:
Fordham University Press
DOI:
10.5422/fso/9780823228416.003.0013
Subject:
Philosophy, American Philosophy

This chapter discusses pragmatist John Dewey's theory of inquiry. It explains that Dewey did not develop a theory of knowledge in the usual sense of epistemology, but he ... More


Time, Habits, and Consumer Durables

Tullio Jappelli and Luigi Pistaferri

in The Economics of Consumption: Theory and Evidence

Published in print:
2017
Published Online:
October 2017
ISBN:
9780199383146
eISBN:
9780199383160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199383146.003.0013
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter reviews the most important sources of non-separability. In models with habit formation the marginal utility provided by today’s consumption depends on past consumption (internal habits) ... More


A Long Healthy Life

Ruchi Ram Sahni

in A Memoir of Pre-Partition Punjab: Ruchi Ram Sahni, 1863-1948

Published in print:
2017
Published Online:
February 2018
ISBN:
9780199474004
eISBN:
9780199089864
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780199474004.003.0011
Subject:
History, Indian History, Social History

This chapter includes various reflections on Sahni’s own efforts to live a ‘long healthy life’. They include psychological suggestions about the process of habit-formation; the belief that life ... More


On Education

Brendan Dooley (ed.)

in The Continued Exercise of Reason: Public Addresses by George Boole

Published in print:
2018
Published Online:
September 2019
ISBN:
9780262535007
eISBN:
9780262345576
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262535007.003.0007
Subject:
History, History of Science, Technology, and Medicine

This chapter presents George Boole's lecture on education. He identifies three things to which the attention of the teacher must be chiefly directed: the imparting of knowledge, the production of a ... More


The Response of Consumption to Anticipated Changes in Income

Tullio Jappelli and Luigi Pistaferri

in The Economics of Consumption: Theory and Evidence

Published in print:
2017
Published Online:
October 2017
ISBN:
9780199383146
eISBN:
9780199383160
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199383146.003.0008
Subject:
Economics and Finance, Macro- and Monetary Economics

The intertemporal models studied so far postulate that people use savings in order to smooth income fluctuations, and that unless there are liquidity constraints, consumption responds little if at ... More


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