Results 71 to 80 of about 25,750 (197)
Does observational equivalence always hold in hyperbolic discounting models? [PDF]
Observation equivalence holds in the hyperbolic discounting models such as Laibson (1996), Barro (1999), and Krusell et al (2002). We study a hyperbolic discounting model where the policy function cannot be replicated by a geometric discounting model ...
Gong Liutang, Zhu Shenghao
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Testable Implications of Quasi-Hyperbolic and Exponential Time Discounting [PDF]
, 2014 We present the first revealed-preference characterizations of the models of exponential time discounting, quasi-hyperbolic time discounting, and other time-separable models of consumers’ intertemporal decisions.
Echenique, Federico +2 more
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Latent Process Heterogeneity in Discounting Behavior [PDF]
We show that observed choices in discounting experiments are consistent with roughly one-half of the subjects using exponential discounting and one-half using quasi-hyperbolic discounting.
E. Elisabet Rutström +2 more
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Uniqueness in Infinitely Repeated Decision Problems [PDF]
Dynamic decision-making without commitment is usually modelled as a game between the current and future selves of the decision maker. It has been observed that if the time-horizon is infinite, then such games may have multiple subgame-perfect equilibrium
Vieille, Nicolas, Weibull, Jörgen W.
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How good is the Exponential Function discounting Formula? An Experimental Study [PDF]
This paper estimates the degree of the exponential-function misvaluation, its variation with given product price level, and its expected growth rate. The paper examines whether other mathematical functions, such as linear, quadratic and cubic functions ...
Joseph Yagil +2 more
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Characterizing the Jellinek curve using a discounting model with time deformations
Humanities & Social Sciences CommunicationsThis paper deals with the relationship between addiction/self-control and discount rates. In effect, it can be shown that the evaluation of temporal discounting is a candidate behavioral marker for addiction.
Salvador Cruz Rambaud +4 more
doaj +1 more source
Discounting when income is stochastic and climate change policies [PDF]
We introduce stochastic income into the standard exponential discounting model and study dependence of effective discount rates on the type of the underlying stochastic process and agent's current income level. If the income follows a process with i.i.d.
Boyarchenko, Svetlana +1 more
core +1 more source
Peanuts effect in intertemporal decision-making processes.
INFAD, 2017 The intertemporal choice refers to the individual decision-making process when analyzing the preferences between two rewards with different due dates. That is to say, it aims to analyze the preferences between two rewards (x1,t1) and (x2,t2) , where x1x2
Salvador Cruz Rambaud +1 more
doaj +1 more source
Multiple solutions under quasi-exponential discounting [PDF]
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 ...
Jörgen Weibull, Nicolas Vieille
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Adaptive intertemporal preferences in foraging-style environments
Frontiers in Neuroscience, 2013 Decision makers often face choices between smaller more immediate rewards and larger more delayed rewards. For example, when foraging for food, animals must choose between actions that have varying costs (e.g., effort, duration, energy expenditure) and ...
Michael T. Bixter, Christian C Luhmann
doaj +1 more source