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NOTES ON DISCOUNTING [PDF]

open access: yesJournal of the Experimental Analysis of Behavior, 2006
In general, if a variable can be expressed as a function of its own maximum value, that function may be called a discount function. Delay discounting and probability discounting are commonly studied in psychology, but memory, matching, and economic utility also may be viewed as discounting processes.
Howard Rachlin
exaly   +3 more sources
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Optimal Discounting

Econometrica, 2022
The agent is modeled as a current self that optimally incurs a cognitive cost of empathizing with future selves. The model unifies well‐known experimental and empirical findings in intertemporal choice and enriches the multiple selves model with a notion of self‐control.
Noor, Jawwad, Takeoka, Norio
openaire   +1 more source

Discounts on Discounts

The Mathematics Teacher, 2014
Practical concerns about advertised discounts are raised. In a 1947 movie, the demographics of a small town are perfectly matched to the nation.
Scott A. Brown, Cheryl L. Avila
openaire   +1 more source

Ecological discounting [PDF]

open access: possibleJournal of Economic Theory, 2010
Which rates should we use to discount costs and benefits of different natures at different time horizons? We answer this question by considering a representative agent consuming two goods whose availability evolves over time in a stochastic way. We extend the Ramsey rule by taking into account the degree of substitutability between the two goods and of
openaire   +5 more sources

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