On the Rationality of Sequential ChoiceThe paper discusses the problem of discounting, time preference, and time … consistent decision making. While a constant pure rate of time preference leads to consistent consumption plans, other … discounting schemes - like hyperbolic discounting - do not. Using a so-called money pump argument, time inconsistencies can be …

with drift and incurs costs depending on his stopping time. The player who stops his process at the highest value wins a …

. Following this sentence, a state monopoly in future has to maximize players’ protection and prevention of pathological gambling …

We explore the relationship between gambling and other forms of risk-taking behaviour, i.e. exposure to debt and the … Expenditure and Food Surveys (EFS), 2001 to 2007. Gambling and the use of credit are shown to be positively correlated at the … household level. While both the incidence and amount of gambling vary according to household income, the positive association …

who choose to gamble are likely to be larger than for the general population. Using UK data on gambling wins, other … those likely to be credit-onstrained. This is consistent with credit-constrained, risk-averse agents gambling to convexify …

In dieser Studie werden Zeit, Wohlstand und Zufriedenheit mit einem interdependenten multidimensionalen (IMD …) Polarisierungsansatz von Zeit und Einkommen und der Entwicklung über 20 Jahre in Deutschland analysiert. Mit dem neuen Ansatz zur … (ZBE/ZVE, GTUS) der Jahre 1991/92, 2001/02 und aktuell 2012/13. Prominentes Ergebnis: Die multidimensionale Zeit und …

practice the factor time is still largely ignored, some exceptions such as Rapid Planning or Slow Urbanism experiment with it … Sinnzusammenhänge sein. Obgleich in der Planungspraxis der Faktor Zeit noch vorwiegend ignoriert wird, experimentieren einige Ausnahmen …, considering processes as a function of time can be a key to understanding these complex contexts. Although in the planning …