Results 61 to 70 of about 25,750 (197)
Non-exponential discounting portfolio management with habit formation
Mathematical Control & Related Fields, 2020 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Liu, J, Lin, L, Yiu, KFC, Wei, J
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Random Intertemporal Choice [PDF]
, 2018 We provide a theory of random intertemporal choice. Agents exhibit stochastic choice over consumption due to preference shocks to discounting attitudes. We first demonstrate how the distribution of these preference shocks can be uniquely identified from ...
Lu, Jay, Saito, Kota
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Dynamic preference foundations of expected exponentially-discounted utility
Economic Theory, 2023 AbstractExpected exponentially-discounted utility (EEDU) is the standard model of choice over risk and time in economics. This paper considers the dynamic preference foundations of EEDU in the timed risks framework. We first provide dynamic preference foundations for a time-invariant expected utility representation.
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Asset Prices and Hyperbolic Discounting [PDF]
This paper explores the implications of hyperbolic discounting for asset prices and rates of return. Hyperbolic discounting has no effect on the equity premium.
Heng-fu Zou, Liutang Gong, William Smith
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Hyperbolic Discounting Is Rational: Valuing the Far Future with Uncertain Discount Rates [PDF]
Conventional economics supposes that agents value the present vs. the future using an exponential discounting function. In contrast, experiments with animals and humans suggest that agents are better described as hyperbolic discounters, whose discount ...
J. Doyne Farmer, John Geanakoplos
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Hyperbolic discounting may be time consistent [PDF]
Using dynamic programming methodology, the paper analyzes the most general conditions for an additive utility functional to represent time consistent preferences.
Nicolas Drouhin
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Economia e Psicologia na Explicação da Escolha Intertemporal
Revista de Economia Mackenzie, 2008 This paper aims to present and analyze the reformist movement in economic modeling that serves to better predict patterns of choice over time.
Roberta Muramatsu, Patrícia Fonseca
doaj
The Effect of a Constant or a Declining Discount Rate on Optimal Investment Timing [PDF]
This paper shows that exponential discounting may have anadvancing effect on the timing of investment, not captured bysensitivity analysis carried out for the complete range of instantaneous discount rates implicit in declining discounting.Declining ...
Gonzalo Edwards
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Hyperbolic Discounting can represent Consistent Preferences [PDF]
Among non Exponential Discounting (ED) models, introduced to capture time inconsistent choices, Hyperbolic Discounting (HD) recently gained particular relevance.
Nicola Dimitri
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Prediction with Expert Advice under Discounted Loss
, 2010 We study prediction with expert advice in the setting where the losses are accumulated with some discounting---the impact of old losses may gradually vanish.
A. Chernov +13 more
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