Discounting of Reward Sequences: a Test of Competing Formal Models of Hyperbolic Discounting [PDF]
Frontiers in Psychology, 2014 Humans are known to discount future rewards hyperbolically in time. Nevertheless, a formal recursive model of hyperbolic discounting has been elusive until recently, with the introduction of the hyperbolically discounted temporal difference (HDTD) model.
Noah eZarr +2 more
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On the Dividend Strategies with Non-Exponential Discounting [PDF]
Insurance: Mathematics and Economics, 2013 In this paper, we study the dividend strategies for a shareholder with non-constant discount rate in a diffusion risk model. We assume that the dividends can only be paid at a bounded rate and restrict ourselves to the Markov strategies.
Wang, Rongming, Wei, Jiaqin, Zhao, Qian
core +5 more sources
Testable Implications of Exponential Discounting [PDF]
, 2013 We develop a behavioral axiomatic characterization of exponentially discounted utility (EDU) over consumption streams. Given is an individual agent's behavior in the market: assume a finite collection of purchases across periods.
Echenique, Federico, Saito, Kota
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Multiple solutions under quasi-exponential discounting [PDF]
Economic Theory, 2008 We consider a group or committee that faces a binary decision under uncertainty. Each member holds some private information. Members agree which decision should be taken in each state of nature, had this been known, but they may attach different values ...
Vieille, Nicolas, Weibull, Jörgen
core +6 more sources
A formal analysis of inconsistent decisions in intertemporal choice through subjective time perception [PDF]
Heliyon, 2023 The framework of this paper is subjective time perception in the context of intertemporal choice, that is to say, the process of making decisions on dated outcomes (monetary or not) by an individual or a group of individuals.
Salvador Cruz Rambaud +1 more
doaj +2 more sources
A mathematical framework for modelling the dynamic nature of ADHD symptoms [PDF]
Frontiers in PsychiatryBackgroundAttention-Deficit/Hyperctivity Disorder (ADHD) is characterized by core symptoms of inattention, hyperactivity, and impulsivity that fluctuate dynamically based on context.
Marios Adamou +2 more
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Delay Effect and Subadditivity. Proposal of a New Discount Function: The Asymmetric Exponential Discounting [PDF]
Mathematics, 2020 The framework of this paper is intertemporal choice and, more specifically, the so-called delay effect. Traditionally, this anomaly, also known as decreasing impatience, has been revealed when individuals reverse their preferences over monetary or non ...
Salvador Cruz Rambaud +1 more
doaj +3 more sources
Neuromodulation of risk and reward processing during decision making in individuals with general anxiety disorder (GAD) [PDF]
Scientific ReportsIndividuals with general anxiety disorder (GAD) have an impaired future-oriented processing and altered reward perception, which might involve the ventromedial prefrontal cortex (vmPFC) and dorsolateral prefrontal cortex (dlPFC).
Vahid Nejati +2 more
doaj +2 more sources
Optimal DCE design for modelling nonlinear time preferences in EQ-5D-5L valuation studies: exploration of data from Denmark and Peru [PDF]
Health and Quality of Life OutcomesBackground Discrete choice experiment (DCE) methods are an increasingly popular valuation method, particularly for the EQ-5D-5L. While EQ-5D-5L value sets developed using DCE have traditionally assumed linear time preferences, this assumption has been ...
Alice Yu +12 more
doaj +2 more sources
Humans can adopt optimal discounting strategy under real-time constraints. [PDF]
PLoS Computational Biology, 2006 Critical to our many daily choices between larger delayed rewards, and smaller more immediate rewards, are the shape and the steepness of the function that discounts rewards with time.
N Schweighofer +6 more
doaj +1 more source