Showing 41 - 50 of 50,836
This paper empirically and jointly analyses the relations between risk aversion, standard time discounting, present …
Persistent link: https://www.econbiz.de/10011821996
It has been argued that hyperbolic discounting of future gains and losses leads to time-inconsistent behavior and … future hyperbolically and make time-consistent decisions. This allows us to disentangle the role of discounting from the time … consistency issue. We show that hyperbolically discounting individuals, under a reasonable normalization, invest more in their …
Persistent link: https://www.econbiz.de/10011782511
We integrate time-inconsistent decision making due to hyperbolic discounting into a gerontologically founded life cycle …
Persistent link: https://www.econbiz.de/10012064403
It has been argued that hyperbolic discounting of future gains and losses leads to time-inconsistent behavior and … future hyperbolically and make time-consistent decisions. This allows us to disentangle the role of discounting from the time … consistency issue. We show that hyperbolically discounting individuals, under a reasonable normalization, invest more in their …
Persistent link: https://www.econbiz.de/10011582098
We integrate time-inconsistent decision making due to hyperbolic discounting into a gerontologically founded life cycle …
Persistent link: https://www.econbiz.de/10012064136
The paper studies bargaining games involving players with present-biased preferences. The paper shows that the relative timing of bargaining rewards and bargaining costs will determine whether the players' present-bias will affect bargaining outcomes. In cases where players agree to a bargain in...
Persistent link: https://www.econbiz.de/10014422534
our extension is isomorphic to generalized discounting with dynamic consistency and characterize the unique equilibrium … respect to time discounting. All bargaining takes place within a single experimental session, so bargaining delay is … behavioral support for the basic predictions that hold regardless of the details of discounting. Testing differential predictions …
Persistent link: https://www.econbiz.de/10012270857
our extension is isomorphic to generalized discounting with dynamic consistency and characterize the unique equilibrium … respect to time discounting. All bargaining takes place within a single experimental session, so bargaining delay is … behavioral support for the basic predictions that hold regardless of the details of discounting. Testing differential predictions …
Persistent link: https://www.econbiz.de/10012425589
our extension is isomorphic to generalized discounting with dynamic consistency and characterize the unique equilibrium … respect to time discounting. All bargaining takes place within a single experimental session, so bargaining delay is … behavioral support for the basic predictions that hold regardless of the details of discounting. Testing differential predictions …
Persistent link: https://www.econbiz.de/10012312122
our extension is isomorphic to generalized discounting with dynamic consistency and characterize the unique equilibrium … respect to time discounting. All bargaining takes place within a single experimental session, so bargaining delay is … behavioral support for the basic predictions that hold regardless of the details of discounting. Testing differential predictions …
Persistent link: https://www.econbiz.de/10012266524