Storage for Good Times and Bad: Of Rats and Men

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Storage for Good Times and Bad: Of Rats and Men

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Ted Bergstrom (University of California, Santa Barbara)

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Ted Bergstrom

Abstract

How do rats and squirrels decide how much to hoard for the winter when they do not know how long the winter will be? This paper argues that natural selection is likely to result in random differences in the attitudes toward systemic risk by genetically identical individuals.

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Paper provided by Department of Economics, UC Santa Barbara in its series University of California at Santa Barbara, Economics Working Paper Series with number 1997A.

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Date of creation: 01 Dec 1997
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Handle: RePEc:cdl:ucsbec:1997a

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Arthur Robson & Larry Samuelson, 2008. "The Evolution of Time Preference with Aggregate Uncertainty," Cowles Foundation Discussion Papers 1678, Cowles Foundation, Yale University. [Downloadable!]
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- Arthur J. Robson & Larry Samuelson, 2009. "The Evolution of Time Preference with Aggregate Uncertainty," Levine's Working Paper Archive 814577000000000087, David K. Levine. [Downloadable!]
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Other versions:
- Trenton G. Smith, 2004. "The McDonald’s Equilibrium. Advertising, empty calories, and the endogenous determination of dietary preferences," Social Choice and Welfare, Springer, vol. 23(3), pages 383-413, December. [Downloadable!] (restricted)

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