An examination of the concept of option value in economics, including its implications for investment decisions and financial instruments.
An exploration of liquidity preference, the tendency to favor assets that can easily be converted into cash, and its implications in different economic frameworks.
The motive to hold money to provide for the unexpected. See also demand for money.
A detailed exploration of preferences in the context of economics, including different schools of thought and related terms.
The additional return on a long-term bond over the rate expected by the unbiased expectations hypothesis, often attributed to liquidity preference.
