Results 81 to 90 of about 25,750 (197)
Evolution as Learning Yields Hyperbolic Discounting [PDF]
Learning is modeled as an infection, which jumps from person to person. The rate of infection mimics individual discount rates and induces savings behavior on its own.
James Woods
core
Exponential Discounting under Partial Efficiency
This paper derives a novel representation of the exponential discounting model that allows one to assess departures from the model via a measure of efficiency. The approach uses a revealed preference methodology that does not make any parametric assumption on the utility function and allows for unrestricted heterogeneity.
openaire +2 more sources
A Flexible Test for Present Bias and Time Preferences Using Land-Lease Contracts [PDF]
When agents have present bias, they discount more between now and the next period than between period t (> 1) and t + 1. How fast the future discount rate (evaluated today) decays is an empirical question.
Gautier, Pieter, van Vuuren, Aico
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A Deeper Look at Hyperbolic Discounting [PDF]
We conduct an experiment to investigate the degree to which deviations from exponential discounting can be accounted for by the hypothesis of hyperbolic discounting. Subjects are asked to choose between an earlier or later payoff in a series of 40 choice
Sheth, Arnav, Sopher, Barry
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Collective Investment Decision Making with Heterogeneous Time Preferences [PDF]
We examine the investment decision problem of a group whose members have heterogeneous time preferences. In particular, they have different discount factors for utility, possibly not exponential. We characterize the properties of efficient allocations of
Christian Gollier, Richard Zeckhauser
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Linking Decision and Time Utilities [PDF]
This paper presents the functional relationship between two areas of interest in contemporary behavioral economics: one concerning choices under conditions of risk, the other concerning choices in time. The paper first presents the general formula of the
Kontek, Krzysztof
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Folk theorems for present-biased players [PDF]
, 2011 The folk theorems for infinitely repeated games with discounting presume that the discount rate between two successive periods is constant. Following the literature on quasi-exponential or hyperbolic discounting, I model the repeated interaction between ...
Bernergård, Axel
core
Discounting and Future Selves [PDF]
Is discounting of future instantaneous utilities consistent with altruism towards future selves? More precisely, can temporal preferences, expressed as a sum of discounted instantaneous utilities, be derived from a representation in the form of a sum of ...
Sáez-Martí, María +1 more
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Folk Theorems for Present-Biased Players [PDF]
The folk theorems for infinitely repeated games with discounting presume that the discount rate between two successive periods is constant. Following the literature on quasi-exponential or hyperbolic discounting, I model the repeated interaction between ...
Bernergård, Axel
core
The Zero Discounting and Maximin Optimal Paths in a Simple Model of Global Warming [PDF]
Following Stollery (1998), we extend the Solow-- Dasgupta--Heal model to analyze the effects of global warming The rise of temperature is caused by the use of fossil resources so that the temperature level can be linked to the remaining stock of these ...
Antoine D'Autume +2 more
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