Results 31 to 40 of about 8,442,106 (161)
Introducing upfront losses as well as gains decreases impatience in intertemporal choices with rewards [PDF]
Judgment and Decision Making, 2014 AbstractPeople tend to prefer smaller and sooner (SS) rewards over larger and later (LL) ones even when the latter are much larger. Previous research have identified several ways to enhance people’s patience. Adding to this literature, the current paper demonstrates that introduction of upfront losses as well as gains to both SS and LL rewards can ...
Cheng-Ming Jiang +2 more
openaire +3 more sources
Collective Investment Decision Making with Heterogeneous Time Preferences [PDF]
We examine the investment decision problem of a group whose members have heterogeneous time preferences. In particular, they have different discount factors for utility, possibly not exponential. We characterize the properties of efficient allocations of
Christian Gollier, Richard Zeckhauser
core +6 more sources
Discount Functions for Fitting Individual Data [PDF]
, 2007 The commonly used hyperbolic and quasi-hyperbolic discount functions imply decreasing impatience, which is the prevailing empirical phenomenon in intertemporal choice, in particular for aggregate behavior. At the individual level there is much variation,
Bleichrodt, H. (Han) +2 more
core +1 more source
The role of time estimation in decreased impatience in Intertemporal Choice
, 2020 The role of specific cognitive processes in deviations from constant discounting in intertemporal choice is not well understood. We evaluated decreased impatience in intertemporal choice tasks independent of discounting rate and non-linearity in long-scale time representation; nonlinear time representation was expected to explain inconsistencies in ...
Claessens, Camila S. Agostino Peter M. E. +2 more
openaire +2 more sources
Inequalities and patience in catching up [PDF]
, 2017 This paper examines how impatience interacts with inequalities in economic development. We consider two distinct groups of households (i.e., with intrinsic inequality), and show that (i) under decreasing marginal impatience (DMI), an unequal society may ...
Iwasa, Kazumichi, Zhao, Laixun
core
Time preference and dynamic stability in an N-country world economy [PDF]
, 2013 We examine stability of competitive equilibrium in an N-country world economy with capital accumulation, where each country can have either increasing marginal impatience (IMI) or decreasing marginal impatience (DMI).
Hirose, Ken-Ichi, Ikeda, Shinsuke
core
Money, Wealth, Time Preference, and Marginal Impatience
The Central Asian Review of Economics and Policy, 2019 This paper addresses whether the monetary expansion can create wealth in the long-run and how this wealth creation is related to the nature of the marginal impatience when preferences are recursive with money yielding utility to infinitely-lived agents ...
Hiroaki Hayakawa
semanticscholar +1 more source
Optimal growth and impatience : a phase diagram analysis [PDF]
, 2004 In this paper we show that we can replace the assumption of constant discount rate in the onesector optimal growth model with the assumption of decreasing marginal impatience without losing major properties of the model.
Chang, Fwu-Ranq
core
Transaction Services, Neutrality of Money, and Marginal Impatience
, 2019 This paper examines the issues of neutrality and optimum quantity of money in the context in which transaction services of money are imputed and enter a utility functional of a recursive class.
Hiroaki Hayakawa
semanticscholar +1 more source
Optimal Growth and Impatience: A Phase Diagram Analysis
Social Science Research Network, 2009 In this paper we show that we can replace the assumption of constant discount rate in the one-sector optimal growth model with the assumption of decreasing marginal impatience without losing major properties of the model.
F. Chang
semanticscholar +1 more source