Behavioral economics. Forbidden zones. New method and models

Harin, Alexander (2021): Behavioral economics. Forbidden zones. New method and models.

Abstract

A forbidden zone theorem, hypothesis, and applied mathematical method and model are introduced in the present article. The method and model are based on the forbidden zones and hypothesis. The model is uniformly and successfully applied for different domains. The ultimate goal of the research is to solve some generic problems of behavioral economics.

• Item Type: MPRA Paper
• Language: English
• Keywords: Expectation; Variation; Boundary; Utility; Prospect theory; Behavioral economics
• Subjects: C - Mathematical and Quantitative Methods > C0 - General > C02 - Mathematical Methods; C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General; D - Microeconomics > D8 - Information, Knowledge, and Uncertainty; D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D81 - Criteria for Decision-Making under Risk and Uncertainty

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