Results 251 to 260 of about 2,425,452 (295)
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Cognitive Psychology, 2019
We re-examine behavioral patterns of intertemporal choice with recognition that time preferences may be inherently variable, focusing in particular on the explanatory power of an exponential discounting model with variable discount factors - the variable exponential model.
Lisheng He +2 more
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We re-examine behavioral patterns of intertemporal choice with recognition that time preferences may be inherently variable, focusing in particular on the explanatory power of an exponential discounting model with variable discount factors - the variable exponential model.
Lisheng He +2 more
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Journal of Political Economy, 1981
The case for positive time preference is absolutely compelling, unless there is an infinite time horizon with the expectation of unending technological advance combined with what we call "drastically diminishing marginal utility." This finding holds both in the positive and normative senses. A corollary is that savings are interest elastic.
Olson, Mancur, Bailey, Martin J
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The case for positive time preference is absolutely compelling, unless there is an infinite time horizon with the expectation of unending technological advance combined with what we call "drastically diminishing marginal utility." This finding holds both in the positive and normative senses. A corollary is that savings are interest elastic.
Olson, Mancur, Bailey, Martin J
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International Economic Review, 1993
Summary: This paper proposes a utility function incorporating both habit formation and an endogenous rate of time preference in a manner consistent with the intuition of Irving Fisher regarding the influence of past consumption on impatience. It is shown that the new specification is tractable and generates new predictions in the context of three model
Shi, Shouyong, Epstein, Larry G
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Summary: This paper proposes a utility function incorporating both habit formation and an endogenous rate of time preference in a manner consistent with the intuition of Irving Fisher regarding the influence of past consumption on impatience. It is shown that the new specification is tractable and generates new predictions in the context of three model
Shi, Shouyong, Epstein, Larry G
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Pacific Philosophical Quarterly, 2011
AbstractPure time preference is a preference for something to come at one point in time rather than another merely because of when it occurs in time. In opposition to Sidgwick, Ramsey, Rawls, and Parfit we argue that it is not always irrational to be guided by pure time preferences. We argue that even if the mere difference of location in time is not a
Lowry, R.J., Peterson, M.B.
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AbstractPure time preference is a preference for something to come at one point in time rather than another merely because of when it occurs in time. In opposition to Sidgwick, Ramsey, Rawls, and Parfit we argue that it is not always irrational to be guided by pure time preferences. We argue that even if the mere difference of location in time is not a
Lowry, R.J., Peterson, M.B.
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2023
This comprehensive Dictionary brings together an extensive range of definitive terms in ecological economics. Assembling contributions from distinguished scholars, it provides an intellectual map to this evolving subject ranging from the practical to the philosophical.
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This comprehensive Dictionary brings together an extensive range of definitive terms in ecological economics. Assembling contributions from distinguished scholars, it provides an intellectual map to this evolving subject ranging from the practical to the philosophical.
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Journal of Population Economics, 2000 The observed practice of discounting the future should not be rationalised on the grounds of myopia or selfishness. A positive rate of pure time preference is necessary to ensure that heterogeneous generations are treated in an egalitarian fashion. A zero social discount rate would yield intertemporal allocations which are biased against the current ...
MARINI, GIANCARLO +1 more
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Time Discounting and Time Preference:
Journal of Economic Literature, 2002This paper discusses the discounted utility (DU) model: its historical development, underlying assumptions, and "anomalies" - the empirical regularities that are inconsistent with its theoretical predictions. We then summarize the alternate theoretical formulations that have been advanced to address these anomalies.
Shane Frederick +2 more
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1996
Abstract There is broad agreement that, in cost-effectiveness analyses, all future costs and health consequences should be stated in terms of their “present value” to the decision maker. Only then will the interventions’ cost-effectiveness ratios be appropriately adjusted for the differential timing of costs and consequences so that the ...
J Lipscomb, M C Weinstein, G W Torrance
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Abstract There is broad agreement that, in cost-effectiveness analyses, all future costs and health consequences should be stated in terms of their “present value” to the decision maker. Only then will the interventions’ cost-effectiveness ratios be appropriately adjusted for the differential timing of costs and consequences so that the ...
J Lipscomb, M C Weinstein, G W Torrance
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Separating Risk Preference and Time Preference
SSRN Electronic Journal, 2012In the studies of decision making under risk and time, an increasingly important question is whether the utility representations should be the same for both circumstances. This study aims to test the separation between risk preference and time preference in a controlled laboratory setting, where subjects make intertemporal allocation decisions under ...
Bin Miao, Songfa Zhong
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Comment on “Risk Preferences Are Not Time Preferences”: Separating Risk and Time Preference
American Economic Review, 2015Andreoni and Sprenger (2012a,b) observe that utility functions are distinct for risk and time preferences, and show that their findings are consistent with a preference for certainty. We revisit this question in an enriched experimental setting in which subjects make intertemporal decisions under different risk conditions. The observed choice behavior
Miao, Bin, Zhong, Songfa
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