Results 41 to 50 of about 25,750 (197)
Life Insurance and Annuity Demand under Hyperbolic Discounting
Risks, 2018 In this paper, we analyse and construct a lifetime utility maximisation model with hyperbolic discounting. Within the model, a number of assumptions are made: complete markets, actuarially fair life insurance/annuity is available, and investors have time-
Siqi Tang, Sachi Purcal, Jinhui Zhang
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Thinking Outside the Euclidean Box: Riemannian Geometry and Inter-Temporal Decision-Making. [PDF]
PLoS ONE, 2016 Inter-temporal decisions involves assigning values to various payoffs occurring at different temporal distances. Past research has used different approaches to study these decisions made by humans and animals.
Himanshu Mishra, Arul Mishra
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Minimizing the Discounted Probability of Exponential Parisian Ruin via Reinsurance [PDF]
SIAM Journal on Control and Optimization, 2020 We study the problem of minimizing the discounted probability of exponential Parisian ruin, that is, the discounted probability that an insurer's surplus exhibits an excursion below zero in excess of an exponentially distributed clock. The insurer controls its surplus via reinsurance priced according to the mean-variance premium principle, as in Liang,
Xiaoqing Liang, Virginia R. Young
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Rats exhibit similar biases in foraging and intertemporal choice tasks
eLife, 2019 Animals, including humans, consistently exhibit myopia in two different contexts: foraging, in which they harvest locally beyond what is predicted by optimal foraging theory, and intertemporal choice, in which they exhibit a preference for immediate vs ...
Gary A Kane +5 more
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Relevance of financial information in quick loans negotiation
Science & Philosophy, 2017 Nowadays, most loan transactions are contracted by using the exponential discounting as the underlying standard economic model to value this type of financial operations.
Salvador Cruz Rambaud +1 more
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Experimental and Clinical Psychopharmacology, 1999 Recent theories of substance abuse have used value discounting of delayed rewards to partly explain the decision to take drugs. Normative-economic theory holds that an exponential function describes the effects of delay on discounting, whereas the matching law posits a hyperbolic discounting function. The ability of these functions to describe 18 human
Madden, Gregory J. +2 more
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Equivalent representations of non-exponential discounting models
Journal of Mathematical Economics, 2016 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Time, Self & Intertemporal Choice
Frontiers in Neuroscience, 2013 Neuroscientific studies of intertemporal choice (IC) have focused mainly on the neural representation of self-control mechanisms and valuation. This reflects what has been considered as the core of the IC phenomenon.
Cintia eRetz Lucci
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Directional Forgetting for Stable Co-Adaptation in Myoelectric Control
Sensors, 2019 Conventional myoelectric controllers provide a mapping between electromyographic signals and prosthetic functions. However, due to a number of instabilities continuously challenging this process, an initial mapping may require an extended calibration ...
Dennis Yeung +2 more
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Positive temporal dependence of the biological clock implies hyperbolic discounting
Frontiers in Neuroscience, 2011 Temporal preferences of animals and humans often exhibit inconsistencies, whereby an earlier, smaller reward may be preferred when it occurs immediately but not when it is delayed.
Debajyoti eRay +2 more
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