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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A hyperbolic decay of subjective probability of obtaining delayed rewards [PDF]
Behavioral and Brain Functions, 2007 Background Hyperbolic discounting of delayed and probabilistic outcomes has drawn attention in psychopharmacology and neuroeconomics. Sozou's evolutionary theory proposed that hyperbolic delay discounting may be totally attributable to aversion to a ...
Takahashi Taiki +2 more
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Navigating Time-Inconsistent Behavior: The Influence of Financial Knowledge, Behavior, and Attitude on Hyperbolic Discounting [PDF]
Behavioral SciencesHyperbolic discounting is a psychological phenomenon in which individuals prioritize smaller immediate rewards over larger future rewards. Time-inconsistent behavior is deemed irrational as it negatively impacts savings and investment, investment in ...
Aliyu Ali Bawalle +4 more
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Unraveling Investor Behavior: The Role of Hyperbolic Discounting in Panic Selling Behavior on the Global COVID-19 Financial Crisis [PDF]
Behavioral SciencesIn financial markets, irrational behaviors such as hyperbolic discounting and panic selling are prevalent. However, their widespread empirical associations remain unexplored.
Sumeet Lal +4 more
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Hyperbolic Discounting and the Standard [PDF]
Journal of Economic Theory, 2009 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Jawwad Noor
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The value of initiating a pursuit in temporal decision-making [PDF]
eLifeReward-rate maximization is a prominent normative principle in behavioral ecology, neuroscience, economics, and AI. Here, we identify, compare, and analyze equations to maximize reward rate when assessing whether to initiate a pursuit.
Elissa Sutlief +3 more
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Asset Prices and Hyperbolic Discounting [PDF]
Annals of Economics and Finance, 2007 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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Positive temporal dependence of the biological clock implies hyperbolic discounting [PDF]
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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The Porter Hypothesis and Hyperbolic Discounting [PDF]
Economics Bulletin, 2010 We examine pollution-reducing R&D by a monopoly firm producing a dirty product. In a dynamic framework with hyperbolic discounting, we establish conditions under which the Porter hypothesis goes through, i.e.
Prabal Roy Chowdhury
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How do young low-income university students deal with risk and time preferences in Brazil?, [PDF]
Revista Contabilidade & Finanças, 2022 This article sought to understand the behavior of young low-income university students through an experiment based on prospect and hyperbolic discounting theory, with risk and time preferences, and their relationships with financial literacy with regard ...
Érica Teixeira dos Santos +3 more
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