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Utility theory

Utility theory. Top authors:       1. Wakker     2. Shleifer     3. Epstein

Utility theory items news:       Adam Smith on lotteries ...
    Time Is Money ...     Utilitarianism and anti-utilitarianism

Utility theory metadata news:       ... utility in Adam Smith
    Delay aversion ...     ... True Utility

Utility theory. Top authors 2013:   1. Wakker     2. Rossi     3. Moore    

Utility theory reviews:       Is There A Plausible Theory for Risky Decisions?

Utility theory past, timeless events      
      Le Comportement de l'Homme Rationnel devant le Risque ...
      Theory of Games and Economic Behavior
      Exposition of a New Theory on the Measurement of Risk

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Economics

Economics. Top authors:       Heckman     Forte     Sen    

Economics. Top items:       ... teacher strength and student achievement     ... Hiring ... in Economics

Economics. Top authors 2013:     Shleifer     Heckman     Ilardi     Suryana  

Economics. Top items 2013:   The pyramid of corporate social responsibility ...
    Clustered standard errors in Stata ...    

Economics. Nobel Laureates 2013:       Fama     Hansen     Shiller    


Economics. Russian top authors:     Djankov     Boldyrev     Osipova    

Economics. Russian top authors 2013:     Sonin     Djankov     Boldyrev
    Ivashchenko  

Economics. Russian top items:       ... Measuring Poverty and Inequality ...
    A Political Theory of Populism     Average and Quantile Effects ...
    Intersection Bounds ...     Inference on Counterfactual Distributions
    Optimal Pension Systems ...    

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Will there be a dollar crisis?   (Nobel Laureate   Paul Krugman)
"Almost everyone believes that the US current account deficit must eventually end, and that this end will involve dollar depreciation. However, many believe that this depreciation will take place gradually.
... any process of gradual dollar decline fast enough ... would impose capital losses on investors much larger than they currently expect.
As a result, there will at some point have to be ... a point at which expectations are revised, and the dollar drops sharply ..."   more

Principle of Uncertain Future
The theorem of existence of ruptures in the probability scale is proved.
The general lemma: If the mean of a variable tends to a border of a final range then the central moments of a variable tends to 0.
The general theorem: If the central moment of a variable cannot come nearer to zero more close, than on finite value, then the mean of a variable cannot come nearer to border of this range more close, than on finite value.
The theorem for probability: Let the probability is a limit to which the probability estimation tends. Then, if the mean of the estimation of probability cannot come nearer to border of this range more close, than on finite value the similar statement is true for probability also.



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Updated (partially)   2014.01.21.

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