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economically realistic models have led to the application of various forms of economic discounting to the contested resource. This … paper investigates the application of a two-parameter economic discounting method, called generalized hyperbolic discounting …, and characterizes the game’s Nash equilibrium conditions. We prove that for agents discounting such that accumulated value …
Persistent link: https://www.econbiz.de/10014443306
We investigate the presence and stability of dynamically inconsistent time preferences across contexts with and without …-effort tasks between themselves and another person. We find substantial time inconsistency in generosity: agents become …
Persistent link: https://www.econbiz.de/10012232130
In a variety of individual decision contexts, people have been shown to exhibit presentbiased time preferences. Little … is known, however, about discounting when there are trade-offs between own and others' consumption. In this paper, we …
Persistent link: https://www.econbiz.de/10011819425
We investigate dynamically inconsistent time preferences across contexts with and without interpersonal trade-offs. In … but not when choosing for others. Despite this asymmetry, we find no evidence for time-inconsistent generosity, i.e., when … of present bias across contexts. Discounting in social situations thus seems to be conceptually different from …
Persistent link: https://www.econbiz.de/10012499664
The paper studies infinitely repeated games in which the players' rates of time preference may evolve over time …
Persistent link: https://www.econbiz.de/10013001655
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