全球智库信息集成服务系统(G2TT): DP3097 A Core Inflation Index for the Euro Area

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP3097
	DP3097 A Core Inflation Index for the Euro Area
	Lucrezia Reichlin; Mario Forni; Riccardo Cristadoro; Giovanni Veronese
发表日期	2001-12-12
出版年	2001
语种	英语
摘要	It is commonly observed that people refuse to obtain more detailed infor- mation about their health status, e. g. by not taking genetic tests, even if this information is costless and only disclosed to the individual. This observation is in contrast to the predictions of expected utility theory. We present a model that accounts for this phenomenon by using time- inconsistent preferences. It is shown that if people devise strategies against their inconsistency, which in line with the literature will be called will, then information about a serious illness might lead to a breakdown of will. In those cases information might have a negative value. We derive some comparative statistics results and provide empirical evidence.
主题	Industrial Organization
关键词	Genetic testing Time inconsistent preferences Hyperbolic discounting Breakdown of will
URL	https://cepr.org/publications/dp3097
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/532125
推荐引用方式 GB/T 7714	Lucrezia Reichlin,Mario Forni,Riccardo Cristadoro,et al. DP3097 A Core Inflation Index for the Euro Area. 2001.