Hyperbolic Discounting Is Rational: Valuing the Far Future with Uncertain Discount Rates
Year of publication: |
2009-08
|
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Authors: | Farmer, J. Doyne ; Geanakoplos, John |
Institutions: | Cowles Foundation for Research in Economics, Yale University |
Subject: | Hyperbolic discounting | Environment | Time consistent | Exponential discounting | Geometric random walk | Term structure of interest rates |
Extent: | application/pdf |
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Series: | |
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | The price is None Number 1719 17 pages |
Classification: | D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving ; G12 - Asset Pricing |
Source: |
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