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We investigate discounting behavior in situations where both intertemporal and social discounting occur simultaneously … interpretation implies overall higher discounting in intergenerational decision problems than the first one. We show experimentally …
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discounting, this manuscript compares the adjustment of data to six different discount functions. To do this, the analysis is …
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The discount rate is a tool used to measure the preference for immediate gratification or utility over delayed gratification. This paper considers the modified Merton problem of an economic agent maximizing his utility from consumption and final wealth when his discount rate is not constant. The...
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