What is the meaning of inter temporal?
Filters. Describing any relationship between past, present and future events or conditions. adjective.
What is the meaning Intemporal?
: transcending temporal relations : timeless a cruelly abstract and intemporal truth— Claude Vigée.
What are the examples of intertemporal decision making?
Most choices require decision-makers to trade-off costs and benefits at different points in time. Decisions with consequences in multiple time periods are referred to as intertemporal choices. Decisions about savings, work effort, education, nutrition, exercise, and health care are all intertemporal choices.
What is inter temporal allocation?
Intertemporal portfolio choice is the allocation of funds to various assets repeatedly over time, with the amount of investable funds at any future time depending on the portfolio returns at any prior time. Thus the future decisions may depend on the results of current decisions.
What is inter temporal risk?
Intertemporal choice refers to decisions, such as spending habits, made in the near-term that can affect future financial opportunities. Theoretically, by not consuming today, consumption levels could increase significantly in the future, and vice versa.
What is inter temporal rate of substitution?
Elasticity of intertemporal substitution (or intertemporal elasticity of substitution, EIS, IES) is a measure of responsiveness of the growth rate of consumption to the real interest rate.
What is Interspatial?
(tr) to make or occupy a space between. n. space between or among things. interspatial adj.
What is intertemporal choice psychology?
Intertemporal choice involves deciding between smaller, sooner and larger, later rewards. People tend to prefer smaller rewards that are available earlier to larger rewards available later, a phenomenon referred to as temporal or delay discounting.
How important is intertemporal risk for asset allocation?
Not surprisingly, the exposure to market risk accounts for more than 90% of the premium of equity assets, while exposure to intertemporal risk is the dominant determinant of bonds returns. Intertemporal risk premiums account for more than 60% of total risk premiums for fixed-income assets.
What is inter temporal substitution in neo classical macro economics?
Modern neoclassical theories of the business cycle posit that aggregate fluctuations in consumption and employment are the consequence of dynamic optimizing behavior by economic agents who face no quantity constraint.
What does a high intertemporal elasticity of substitution mean?
In general, a low value of theta (high intertemporal elasticity) means that consumption growth is very sensitive to changes in the real interest rate. A high theta implies an insensitive consumption growth.
What is the meaning of the word intertemporal?
intertemporal adjective Describing any relationship between past, present and future events or conditions How to pronounce intertemporal?
Which is the best description of intertemporal choice?
Intertemporal choice. Intertemporal choice is the process by which people make decisions about what and how much to do at various points in time, when choices at one time influence the possibilities available at other points in time.
Which is the best definition of intertemporal equilibrium?
An intertemporal equilibrium is an economic concept that holds that the equilibrium of the economy should be analyzed across different periods of time. Consumer theory is the study of how people decide what to spend their money on, given their preferences and their budget constraints.
When was the theory of intertemporal choice introduced?
The analysis of intertemporal choice was introduced by John Rae in 1834 in the “Sociological Theory of Capital”. Later, Eugen von Böhm-Bawerk in 1889 and Irving Fisher in 1930 elaborated on the model.
