Uncertainty, expectations, and financial instability : reviving Allais's lost theory of psychological time / Eric Barthalon.
By: Barthalon, Eric.
New York : Columbia University Press, ©2014Description: xlvi, 396 pages : illustrations ; 24 cm.Content type: text Media type: unmediated Carrier type: volumeISBN: 0231166281 hardback; 9780231166287 hardback.Subject(s): Allais, Maurice | Allais, Maurice | Investments -- Psychological aspects | BUSINESS & ECONOMICS / Inflation | Investments -- Psychological aspectsGenre/Form: Print books.DDC classification: 332.6019| Current location | Call number | Status | Date due | Barcode | Item holds |
|---|---|---|---|---|---|
| On Shelf | HG4515.15 .B39 2014 (Browse shelf) | Available | AU0000000005456 |
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| HG4515.13 .B73 2021 ESG Investing for Dummies / | HG4515.13 .R63 2021 Making money moral : how a new wave of visionaries is linking purpose and profit / | HG4515.15 .A29 2010 Behavioral finance : psychology, decision-making, and markets / | HG4515.15 .B39 2014 Uncertainty, expectations, and financial instability : reviving Allais's lost theory of psychological time / | HG4515.15 .F56 2017 Financial behavior : players, services, products, and markets / | HG4515.15 .G74 2016 Unmasking financial psychopaths : inside the minds of investors in the twenty-first century / | HG4515.15 .P483 2016 Trading on sentiment : the power of minds over markets / |
Includes bibliographical references (pages 367-374) and index.
Expectations before the rational expectations revolution -- Rational expectations are endogenous to and abide by "the" model -- Macrofoundations of monetary dynamics -- Microfoundations of monetary dynamics: the HRL formulation of the demand for money -- The fundamental equation of monetary dynamics -- Joint testing of the HRL formulation of the demand for money and of the fundamental equation of monetary dynamics -- Allais's HRL formulation: illustration of its dynamic properties by an example of hyperinflation (Zimbabwe 2000-2008) -- The HRL formulation and nominal interest rates -- Perceived returns and the modeling of financial behavior -- Downside potential under risk: the Allais paradox and its conflicting interpretations -- Downside potential under uncertainty: the perceived risk of loss -- Conclusion -- Appendixes: A. How to compute Z(n) and z(n) -- B. Nominal interest rates and the perceived rate of nominal growth -- C. Proofs -- D. Comparison between the Kalman filter and Allais's HRL algorithm -- E.A note on the theory of intertemporal choice -- F. Allais's cardinal utility function.