Discounting of delayed payoffs (Rzecz o dyskontowaniu odroczonych wyplat)

The paper presents empirical results on the discounting of delayed payoffs which show that: (1) the best approximation of the discounting process is a hyperbolic function, (2) (both animals and humans) can reverse their preferences in time. The article presents theoretical conditions on the intertemporal preference reversal.

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Year of publication:	2009
Authors:	Zielonka, Piotr ; Sawicki, Przemyslaw ; Weron, Rafal
Institutions:	Hugo Steinhaus Center for Stochastic Methods, Politechnika Wrocławska
Subject:	Hyperbolic discounting \| Intertemporal preference reversal

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Extent:	application/pdf
Series:	HSC Research Reports.
Type of publication:	Book / Working Paper
Language:	Polish
Notes:	Published in Decyzje 11 (2009) 49-70, in Polish. Number HSC/09/01 27 pages
Classification:	C12 - Hypothesis Testing ; C13 - Estimation ; c46
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009003609