Rank-Dependent Probability Weighting And The Macroeconomy: Insights From A Model With Incomplete Markets And Aggregate Shocks
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More about this item
Keywords
Rank-dependent Probability Weighting; Rank-dependent Expected Utility; Heterogeneous Agents; Incomplete Markets; Labor Market Risk; Business Cycles. JEL Classifications: C63; D15; D52; D58; D90; E32; E71; J64.;All these keywords.
JEL classification:
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- D15 - Microeconomics - - Household Behavior - - - Intertemporal Household Choice; Life Cycle Models and Saving
- D52 - Microeconomics - - General Equilibrium and Disequilibrium - - - Incomplete Markets
- D58 - Microeconomics - - General Equilibrium and Disequilibrium - - - Computable and Other Applied General Equilibrium Models
- D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E71 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on the Macro Economy
NEP fields
This paper has been announced in the following NEP Reports:- NEP-DGE-2024-07-22 (Dynamic General Equilibrium)
- NEP-UPT-2024-07-22 (Utility Models and Prospect Theory)
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