Showing 1 - 10 of 117,106
Economics and the Future tackles the discounting issue from a number of angles, ranging from relatively short … discounting in theory and practice. It reveals that the economic issues regarding time are embedded in a broader social, ethical …1. Time and discounting in economic decision making / David J. Pannell and Steven G.M. Schilizzi -- 2. Investigating …
Persistent link: https://www.econbiz.de/10011851501
Persistent link: https://www.econbiz.de/10010505814
decision errors can explain or be highly correlated with hyperbolic discounting and non-linear (inverse-S-shaped) probability … weighting. We find evidence that decision errors are strongly correlated with hyperbolic discounting but do not find that …
Persistent link: https://www.econbiz.de/10014581476
Persistent link: https://www.econbiz.de/10014425576
Persistent link: https://www.econbiz.de/10012814151
This paper argues that observations of non-stationary choice behavior need not necessarily imply specific properties of the individual's discount function. As we show, the observed quot;anomaliesquot; in intertemporal choice can alternatively be explained by an individual's perception of the...
Persistent link: https://www.econbiz.de/10003550665
Persistent link: https://www.econbiz.de/10008933233
-exponential discounting, a context that gives rise to time-inconsistency of the decision-maker. We consider equilibrium policies within the …
Persistent link: https://www.econbiz.de/10012484346
Persistent link: https://www.econbiz.de/10012245034
Persistent link: https://www.econbiz.de/10011690765