Showing 1 - 10 of 1,527
Persistent link: https://www.econbiz.de/10003610861
Persistent link: https://www.econbiz.de/10003494604
Persistent link: https://www.econbiz.de/10003564708
Persistent link: https://www.econbiz.de/10010505814
show that the assumption of positive discounting is not always true. The presented experimental study shows how a decrease … in probability increases the chances of negative discounting. According to the results, the expected large, uncertain … in the frequency of negative discounting due to increased uncertainty. The results of the study broaden the existing …
Persistent link: https://www.econbiz.de/10012821522
Persistent link: https://www.econbiz.de/10012105863
Persistent link: https://www.econbiz.de/10012117668
contribute to our understanding of these issues by postulating a model of income uncertainty within a hyperbolic discounting …/value In traditional exponential discounting, the marginal rate of substitution of consumption between two points depends only …, hyperbolic discounting better fits the data. The authors model choice under uncertainty and focus on the costs caused when …
Persistent link: https://www.econbiz.de/10012128806
Persistent link: https://www.econbiz.de/10011713621
The choice of the proper discount rate is important in the analysis of projects whose costs and benefits extend into the future, a particularly striking feature of policies directed at climate change. Much of the literature, including prominent work by Arrow et al. (1996), Stern (2007, 2008),...
Persistent link: https://www.econbiz.de/10014179557