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is characterized by envy-guilt asymmetry in discounting with respect to future generations' utility: Higher utility than …
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paper investigates the application of a two-parameter economic discounting method, called generalized hyperbolic discounting … economically realistic models have led to the application of various forms of economic discounting to the contested resource. This …, 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
Malawi. All respondents were exposed to the same 20 Multiple Choice Lists with a rapid elicitation method that facilitated … 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 …
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effects, these results can be solely attributed to present-biased discounting under the pay-later scheme. These results imply …
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The prevailing literature discusses intergenerational trade-offs predominantly in infinitely-lived agent models despite the finite lifetime of individuals. We discuss these trade-offs in a continuous time OLG framework and relate the results to the infinitely-lived agent setting. We identify...
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This paper suggests a method for estimating the distribution of discount rates using panel data on income and wealth … used to estimate the discount rates of households. We show that there is substantial heterogeneity in discounting behaviour …
Persistent link: https://www.econbiz.de/10009689923