Results 1 to 10 of about 168 (164)
Saving and Dissaving With Hyperbolic Discounting [PDF]
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Cao, Dan, Werning, Ivan
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Hyperbolic discounting and secondary markets [PDF]
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Volker Nocke, Martin Peitz
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Over-savings and hyperbolic discounting [PDF]
Abstract Hyperbolic discounting models are widely seen as implying that consumers do not save enough, in accordance with the observed low rates of savings of some households. This paper qualifies this view by showing that hyperbolic consumers may ‘oversave’ in the short run.
Salanie, François, Treich, Nicolas
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Quasi-Hyperbolic Discounting And Retirement [PDF]
There is overwhelming psychological evidence that some people run into self-control problems regularly, yet the effect of these findings on major life-cycle decisions hasn't been studied in detail. This paper extends Laibson's quasi-hyperbolic discounting savings model, in which each intertemporal self realizes that her time discount structure will ...
Peter Diamond, Botond Köszegi
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Consumption and Risk with hyperbolic discounting [PDF]
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Liutang Gong, William Smith, Heng-fu Zou
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Hyperbolic Discounting and the Phillips Curve [PDF]
Using a standard dynamic general equilibrium model, we show that the interaction of staggered nominal contracts with hyperbolic discounting leads to inflation having significant long‐run effects on real variables.
Graham, Liam, Snower, Dennis J.
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A Deeper Look at Hyperbolic Discounting [PDF]
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Sopher, Barry, Sheth, Arnav
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Hyperbolic discounting and endogenous growth [PDF]
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Hyperbolically Discounted Temporal Difference Learning [PDF]
Hyperbolic discounting of future outcomes is widely observed to underlie choice behavior in animals. Additionally, recent studies (Kobayashi & Schultz, 2008 ) have reported that hyperbolic discounting is observed even in neural systems underlying choice.
William H. Alexander, Joshua W. Brown
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Hyperbolic Discounting and Positive Optimal Inflation [PDF]
The Friedman rule states that steady-state welfare is maximized when there is deflation at the real rate of interest. Recent work by Khan, King, and Wolman [Review of Economic Studies10 (4), 825–860] uses a richer model but still finds deflation optimal.
Graham, Liam, Snower, Dennis J.
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