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Mean-Dispersion Preferences

by Simon Grant, Ben Polak , 2008
"... The starting point for this paper is the variational preference model introduced by Maccheroni et al [2006]), which includes Gilboa-Schmeidler multiple-prior preferences and Hansen-Sargent multiplier preferences. First, we show that any variational preferences admit a `primal' representation wi ..."
Abstract - Cited by 8 (0 self) - Add to MetaCart
summary statistics. Thus, the ambiguity premium need not be constant in this model. Mean-dispersion preferences can accommodate many existing models. We show how these correspond to different attitudes toward dispersion. Finally, we use the model to compare di erent notions of aversion to variation across

Mean-Dispersion Preferences and Constant Absolute Uncertainty Aversion.

by Simon Grant, Ben Polak, Ben Polak, Peter Wakker, Joel Watson Introduction , 2011
"... We axiomatize, in an Anscombe-Aumann framework, the class of preferences that admit a representation of the form V (f) = (d), where is the mean utility of the act f with respect to a given probability, d is the vector of state-by-state utility deviations from the mean, and (d) is a measure of (aver ..."
Abstract - Cited by 5 (1 self) - Add to MetaCart
of (aversion to) dispersion that corresponds to an uncertainty premium. The key feature of these mean-dispersion preferences is that they exhibit constant absolute uncertainty aversion. This class includes many wellknown models of preferences from the literature on ambiguity. We show what properties

Risk preference differentials of small groups and individuals,

by Robert S Shupp , Arlington W Williams , Charles Cason , Steven Holt , Susan Kachelmeier , David Laury , James Walker Schmidt - The Economic Journal, , 2008
"... Abstract The risk preferences of three-person groups and individuals are compared using a non-sequential repeated-measures lottery experiment with varying win percentages. Analysis based on certainty equivalent ratios (certainty equivalent/expected value) reveal that: 1) over all lotteries, certain ..."
Abstract - Cited by 28 (0 self) - Add to MetaCart
, and 3) CER dispersion is significantly smaller for groups than individuals in the highest-and lowest-risk lotteries. Keywords: lab experiments, risk preferences, group decisions, certainty equivalents JEL classification numbers: C91, C92, D80 * The authors gratefully acknowledge constructive feedback

Can heterogenous preferences stabilize endogenous fluctuations

by Stefano Bosi, Thomas Seegmuller - Journal of Economic Dynamics and Control
"... While most of the literature concerned with indeterminacy and en-dogenous cycles is based on the restrictive assumption of a representative consumer, some recent contributions have investigated the role of hetero-geneous agents in dynamics. This paper adds to this latter strand of the literature by ..."
Abstract - Cited by 3 (0 self) - Add to MetaCart
by highlighting the effects of heterogeneity in consumers ’ prefer-ences within an overlapping generations economy with capital accumula-tion, endogenous labor supply and consumption in both periods. Using a mean-preserving approach to heterogeneity, we show that increasing the dispersion of propensity to save

Spherical Wavelets with an Application in Preferred Crystallographic Orientation

by Helmut Schaeben , Daniel Potts , Jürgen Prestin
"... Abstract Several useful representations of a function f : Ω p → IR exist which are usually related to specific purposes: (i) series expansion into spherical harmonics to do mathematics, (ii) series expansion into (unimodal) radial basis functions to do probability and statistics, (iii) series expan ..."
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) the degree of the harmonic series expansion, (ii) the spherical dispersion of unimodal radial functions, (iii) the choice of the knots, may to some extent be adjusted to the total number and/or the geometric arrangement of the measurement locations. However, these representations are in no way involved

Do Preferences in EU Member-States Support Fiscal Federalism?

by Elisabetta Croci Angelini
"... The aim of this paper is to assess preferences with respect to fiscal federalism in EU member-states. In particular, we address the question of whether each EU country would- if the decision were taken by “majority voting ”- or should – if the decision were taken by a social planner – favour central ..."
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. With majority voting, the median voter “individual ” and the median voter “region ” in each EU country are decisive. In this situation, the national (federal) government level for redistribution is preferred if the national ratio between median income and mean income is lower (higher) than the EU ratio

Dynamics of proteins predicted by molecular dynamics simulations and analytical apporoaches :application to alpha-amylase inhibitor

by Pemra Doruker, Ali Rana Atilgan, Ivet Bahar - PROTEINS: Structure, Function, and Genetics
"... ABSTRACT The dynamics of a-amylase inhibi-tors has been investigated using molecular dynam-ics (MD) simulations and two analytical approaches, the Gaussian network model (GNM) and anisotropic network model (ANM). MD simulations use a full atomic approach with empirical force fields, while the analyt ..."
Abstract - Cited by 59 (8 self) - Add to MetaCart
in the GNM or ANM. The mean-square fluctuations of individual residues and the cross-correlations between domain movements re-tain the same characteristics, in all approaches— although the dispersion of modes and detailed ampli-tudes of motion obtained in the ANM conform more closely with MD results

RESEARCH ARTICLE Field Evidence of Social Influence in the Expression of Political Preferences: The Case of Secessionists Flags in Barcelona

by Antonio Parravano, José A. Noguera, Paula Hermida, Jordi Tena-sánchez
"... Models of social influence have explored the dynamics of social contagion, imitation, and diffusion of different types of traits, opinions, and conducts. However, few behavioral data indicating social influence dynamics have been obtained from direct observation in “natural” social contexts. The pre ..."
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. The present research provides that kind of evidence in the case of the pub-lic expression of political preferences in the city of Barcelona, where thousands of citizens supporting the secession of Catalonia from Spain have placed a Catalan flag in their balco-nies and windows. Here we present two different

Preference of a Polyphagous Mirid Bug, Apolygus lucorum (Meyer-Dür) for Flowering Host Plants

by Hongsheng Pan, Yanhui Lu, Kris A. G. Wyckhuys, Kongming Wu
"... Apolygus lucorum (Meyer-Dür) (Hemiptera: Miridae) is one of the most important herbivores in a broad range of cultivated plants, including cotton, cereals, vegetables, and fruit crops in China. In this manuscript, we report on a 6-year long study in which (adult) A. lucorum abundance was recorded o ..."
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at the flowering stage, when the plant had the greatest attraction to the adults. More specifically, mean adult abundance on 26 species of major host plants and their relative standard attraction were 10.3–28.9 times and 9.3–19.5 times higher at flowering stage than during non-flowering periods, respectively

OFFSET AND RESOLUTION OF DISPERSION CURVE IN MULTICHANNEL ANALYSIS OF SURFACE WAVES (MASW)

by Choon Byong Park, Richard D. Miller, Jianghai Xia
"... Influence of offset-related parameters on the resolution of dispersion curve in multichannel analysis of surface waves (MASW) surveys is described from the theoretical perspective of the dispersion curve imaging method used during a normal implementation of MASW. The examined parameters include tota ..."
Abstract - Cited by 10 (5 self) - Add to MetaCart
higher resolution. This means that with a given number of channels available a greater receiver spacing is preferred as long as it does not cause a spatial aliasing problem. This shows that with MASW method the general notion that more channels are always better can be misleading.
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