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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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There is vast heterogeneity in the human willingness to weigh others' interests in decision making. This heterogeneity raises the question how one can parsimoniously model and characterize heterogeneity across several dimensions of social preferences while still being able to predict behavior...
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There is vast heterogeneity in the human willingness to weigh others’ interests in decision making. This heterogeneity concerns the motivational intricacies as well as the strength of other-regarding behaviors, and raises the question how one can parsimoniously model and characterize...
Persistent link: https://www.econbiz.de/10012908656
There is vast heterogeneity in the human willingness to weigh others' interests in decision making. This heterogeneity concerns the motivational intricacies as well as the strength of other-regarding behaviors, and raises the question how one can parsimoniously model and characterize...
Persistent link: https://www.econbiz.de/10012910745
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