Dinamik Genel Denge Modellerinde Zamanlararası Tercihler: İndirgenmiş Fayda Teorisi ve Yetersizlikleri

Ekonomik birimlerin zaman boyutundaki karar verme süreçlerini ifade eden zamanlararası tercihler mikro iktisatta olduğu kadar makro iktisadi analiz için de önem arz etmektedir. Makro iktisadın temel analiz araçları haline gelen dinamik genel denge modellerinde zaman tercihlerinin nasıl modellendiği, model öngörülerini belirleyen önemli bir faktördür. Bu modellerde kullanılan İndirgenmiş Fayda teorisi bireylerin zaman tercihlerini açıklamakta önemli yetersizlikler göstermektedir. Bu çalışmada İndirgenmiş Fayda modelinin yetersizlikleri ampirik ve deneysel çalışmalardan elde edilen bulgular ışığında ele alınmıştır.

Intertemporal preference referring to the decision making process of economic agents in time dimension are important for macroeconomics as well as microeconomics. The way the intertemporal preferences are modeled is an important factor in the determination of the predictions of dynamic general equilibrium models, which have became fundamental analysis tools for macroeconomics. Discounted Utility theory employed in these models for intertemporal preferences exhibits gross insufficiencies. This study considers the anomalies of Discounted Utility model in the light of existing empirical and experimental evidence.

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