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We analyze the role of "the" utility discount rate and its implications to generation-specific and societal altruism … and egoism, respectively, in a neoclassical framework. It is worked out clearly, that two different utility discount rates … have to be distinguished: An (inverse) altruism-parameter and a social discount rate. High levels of the altruism …
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A rational miner may gain from withholding blocks and strategically timing the release to orphan the others' blocks, which questions the existence of honest majority and blockchain concensus. This paper reconciles the discrepancy between the absence of block-withholding attacks in practice and...
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This paper conducts a systematic comparison of behavioral economics’s challenges to the standard accounts of economic behaviors within three dimensions: under risk, over time and regarding other people. A new perspective on two underlying methodological issues, i.e., interdisciplinarity and...
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