Results 281 to 290 of about 284,026 (327)

Hyperbolic discounting in an intergenerational model with altruistic parents

Journal of Population Economics, 2021
Minghao Li
exaly   +2 more sources

Hyperbolic discounting and state‐dependent commitment

Económica, 2023
In a stochastic economy with uninsurable endowment risk, we establish a condition under which hyperbolic‐discounting consumers commit to a future consumption path using both illiquid assets and borrowing constraints as commitment devices.
Takayuki Ogawa, H. Ohno
semanticscholar   +1 more source

Robust asset pricing with stochastic hyperbolic discounting

Finance Research Letters, 2017
Haijun Wang
exaly   +2 more sources

Kantian Optimization With Quasi-hyperbolic Discounting

SSRN Electronic Journal, 2022
We consider a neoclassical growth model with quasi-hyperbolic discounting under Kantian optimization: each temporal self acts in a way that they would like every future self to act. We introduce the notion of a Kantian policy as an outcome of Kantian optimization in a given class of policies.
Borissov, Kirill, Pakhnin, Mikhail, Wendner, Ronald   +2 more
openaire   +3 more sources

Consumption and life insurance decisions under hyperbolic discounting and taxation

, 2021
In this study, we investigates the time-inconsistent agent’s optimal consumption, life insurance purchase, and investment decisions under a tax system. We find analytically that the marginal propensity to consume (MPC) for the time-inconsistent (naive or
Jaeun Koo, Byung Hwa Lim
semanticscholar   +1 more source

Optimal life insurance and annuity demand under hyperbolic discounting when bequests are luxury goods

Insurance, Mathematics & Economics, 2020
We operationalise the theoretical modelling of Marin-Solano and Jorge Navas (2010), seeking to understand the consequences for optimal consumption, life insurance and annuity demand in a time inconsistent world, by incorporating the insurance insights ...
Jinhui Zhang, S. Purcal, Jiaqin Wei
semanticscholar   +1 more source

Uncertainty and Hyperbolic Discounting [PDF]

American Economic Review, 2005
We propose an evolutionary explanation for the pattern of intertemporal preference reversals often ascribed to "hyperbolic discounting." We take the view that preferences—manifested, for example, in urges, cravings, and inclinations— are the outcome of evolutionary forces, and so will induce animals or humans to make survival-maximizing choices in ...
Partha Dasgupta, Eric Maskin
openaire   +2 more sources

Real option duopolies with quasi-hyperbolic discounting

Journal of Economic Dynamics and Control, 2020
This paper utilizes a real options and game-theoretic approach to consider the strategic real investment in a duopoly market under uncertainty with time-inconsistent preferences resulting from quasi-hyperbolic discounting.
Pengfei Luo, Yuan Tian, Zhaojun Yang
semanticscholar   +1 more source

Sugeno capacities for the extension of exponential and hyperbolic discounting to fuzzy integrals

Punjab University journal of mathematics
This article produces a blend between the fields of time discounting and fuzzy integrals. By exploiting the mathematical properties of the Sugeno capacities, we can produce a Choquet integral that simultaneously is subadditive and coincides with either ...
J. Alcantud
semanticscholar   +1 more source

Is Time-Discounting Hyperbolic or Subadditive?

Journal of Risk and Uncertainty, 2001
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
openaire   +2 more sources