Showing 1 - 10 of 670,011
. Yet, economic theory predicts that the scope for punishment as acting as a deterrent depends on how much individuals …
Persistent link: https://www.econbiz.de/10010355861
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/10012514578
attributed to non-stationary discounting. We solve this problem introducing the discounted Luce rule. It retains the flexibility …-hyperbolic discounting. Lastly, we discuss an extension of the model to recursive stochastic choices with the present bias. …
Persistent link: https://www.econbiz.de/10011705551
Persistent link: https://www.econbiz.de/10013372984
the economics domain. In the experiment we find that: 1) traditional economic models based on discounting alone cannot …; 2) our model, despite considering only a specific (exponential) form of discounting, can explain the data much better … basic predictions of discounting theories: the deviations are not random and there are clear systematic patterns of …
Persistent link: https://www.econbiz.de/10003323162
Persistent link: https://www.econbiz.de/10008656792
Persistent link: https://www.econbiz.de/10010512280
choice. These rates differ because of two countervailing effects: (1) the individual applies quasi-hyperbolic discounting to …
Persistent link: https://www.econbiz.de/10011420788
Persistent link: https://www.econbiz.de/10011428937