Discover how biased expectations theory impacts interest rates by incorporating investor preferences and risks, beyond just ...

We investigate the testable implications of the theory of stable matchings. We provide a characterization of the matchings that are rationalizable as stable matchings when agents' preferences are ...

This paper exhibits a duality between the theory of revealed preference of Afriat and the housing allocation problem of Shapley and Scarf. In particular, it is shown that Afriat's theorem can be ...

The pure time-preference theory of interest is an economic theory that seeks to explain the phenomenon of interest. American economist Frank Fetter was the best-known proponent of the pure ...

Ishikawa, Japan-- Consumer purchasing decisions can be considered as a form of preference-based human reasoning. There are two major schools of thought on preference. While mentalism asserts that ...

Voting theory and preference structures constitute a multifaceted field that explores the mathematical and computational foundations of collective decision-making. This area evaluates how individual ...

The Time Preference Theory of Interest, also known as The Agio Theory of Interest, was presented by Bohm Bawerk, who said that interest is an agio (reward) or (premium) for time preference. The Time ...

Scientists have found mathematical patterns underlying the way individuals unconsciously distribute their preferences regarding approaching or avoiding objects in their environment. These patterns ...

Decision theory is a cornerstone of economic analysis, providing a framework for understanding how individuals and institutions make choices under conditions of uncertainty and risk. At its core, the ...