| 11. | Because this is an intertemporal problem this means an equalization of rates rather than levels.
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| 12. | Intertemporal choice is defined as " decisions with consequences that play out over time ".
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| 13. | The Arrow Debreu model of intertemporal equilibrium contains forward markets for all goods at all dates.
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| 14. | The Keynesian model therefore failed to explain the consumption phenomenon and thus emerged the theory of intertemporal choice.
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| 15. | Then the intertemporal elasticity of substitution is given by \ frac { 1 } { \ theta }.
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| 16. | However, it can emerge from an intertemporal mean-variance model with negative serial correlation of returns.
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| 17. | Hicks was influenced directly by Hayek's notion of intertemporal coordination and paralleled by earlier work by Lindhal.
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| 18. | People who score high are less vulnerable to various biases in thinking including prospect theory and irrational intertemporal choices.
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| 19. | Marshallian Cross Diagrams " and Chapter 55, " Intertemporal utility maximization the Fisher diagram ".
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| 20. | Irving Fisher developed the theory of intertemporal choice in his book " Theory of interest " ( 1930 ).
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