Results 261 to 270 of about 57,421 (309)
Journal 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
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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
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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
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Journal 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
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Discounts for Lack of Marketability: Are Business Appraisers Discounting the Discounts?
SSRN Electronic Journal, 2009We set out to understand the size of DLOMs by comparing the subject of the discounts, privately held companies, to the bases from which discounts should be applied. These relevant bases include publicly traded firms considered as guideline public companies and public market benchmarks from which cost of capital data are obtained.
Paglia, John, Harjoto, Maretno A.
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Journal of Public Policy, 1982
ABSTRACTPolicy analysts typically presume that future payoffs should be discounted relative to present ones, and that this discounting should proceed at the same rate for all goods and all periods. Closer inspection of four arguments for discounting, however, shows these practices to be problematic.
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ABSTRACTPolicy analysts typically presume that future payoffs should be discounted relative to present ones, and that this discounting should proceed at the same rate for all goods and all periods. Closer inspection of four arguments for discounting, however, shows these practices to be problematic.
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Social discounting and delay discounting
Journal of Behavioral Decision Making, 2007AbstractSocial discounting was measured as the amount of money a participant was willing to forgo to give a fixed amount (usually $75) to another person. In the first experiment, amount forgone was a hyperbolic function of the social distance between the giver and receiver.
Howard Rachlin, Bryan A. Jones
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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
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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
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Psychological Science, 2006
The amount of money a person was willing to forgo in order to give $75 to another person decreased as a hyperbolic function of the perceived social distance between them. Similar hyperbolic functions have previously been shown to describe both time and probability discounting.
Bryan, Jones, Howard, Rachlin
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The amount of money a person was willing to forgo in order to give $75 to another person decreased as a hyperbolic function of the perceived social distance between them. Similar hyperbolic functions have previously been shown to describe both time and probability discounting.
Bryan, Jones, Howard, Rachlin
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Journal of Economic Theory, 2011
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Mathematical Finance, 2001
This paper characterizes the liquidity discount, the difference between the market value of a trader's position and its value when liquidated. This discount occurs whenever traders face downward sloping demand curves for shares and execution lags in selling shares. This characterization enables one to modify the standard value at risk (VaR) computation
Subramanian, Ajay, Jarrow, Robert A.
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This paper characterizes the liquidity discount, the difference between the market value of a trader's position and its value when liquidated. This discount occurs whenever traders face downward sloping demand curves for shares and execution lags in selling shares. This characterization enables one to modify the standard value at risk (VaR) computation
Subramanian, Ajay, Jarrow, Robert A.
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