intertemporal in a sentence
Examples
- The new classical macroeconomics contributed the rational expectations hypothesis and the idea of intertemporal optimisation to new Keynesian economics and the new neoclassical synthesis.
- One way to get an upper bound on the degree of risk aversion is to use the Ramsey model of intertemporal savings and consumption.
- Expected utility and discounted utility models began to gain acceptance, generating testable hypotheses about decision-making given uncertainty and intertemporal consumption, respectively.
- Edopoids have several primitive or plesiomorphic features, including a single occipital condyle and a bone called the intertemporal that is absent in other temnospondyls.
- If a country has a relatively high interest rate, that would mean it has a comparative advantage in future consumption an intertemporal comparative advantage.
- Long-range models, usually spanning decades, attempt to minimize both the short and long-run costs as a single intertemporal problem.
- For example, the neurotransmitter serotonin seems to be involved in making decisions involving intertemporal choice while dopamine is utilized when individuals make judgments involving uncertainty.
- These assumptions provide a tight link between attitudes to risk and attitudes to variations in intertemporal consumption which is crucial in deriving the equity premium puzzle.
- Lindahl's couching of a theory of capital ( 1929, 1939 ) in intertemporal terms anticipates Malinvaud's ( 1953 ) famous attempt.
- In discrete-time models, the elasticity of substitution of consumption in periods t and t + 1 is known as elasticity of intertemporal substitution.