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Human-AI collaboration: trade-offs between performance and preferences. [PDF]

open access: yesCogn Res Princ Implic
Mayer LW   +6 more
europepmc   +1 more source
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Variable time preference

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
openaire   +2 more sources

Positive Time Preference

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
openaire   +1 more source

Habits and Time Preference

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
openaire   +1 more source

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