A Sense of Mission: The Alfred P. Sloan and Russell Sage Foundations’ Behavioral Economics Program, 1984-1992

A sense of mission: the Alfred P. Sloan and Russell Sage Foundations' behavioral economics program, 1984-1992.

Sloan and Russell Sage Foundations for Financial Support

Though economists assume that intertemporal preferences are time-consistent, evidence suggests that a per-son's relative preference for well-being at an earlier moment over a later moment increases as the earlier moment gets closer. We explore the behavioral and welfare implications of such time-inconsistent preferences in a simple model where a person must engage in an activity exactly once du...

Alfred P . Sloan School of Management

Alfred P . Sloan School of Management

Introduction The purpose of this appendix is to present a more detailed view of the medical technology simulation model discussed in the body of the paper. This is not intended to be a comprehensive description of the computer model, MEDTECH, which contains approximately 100 active equations. Instead, the discussion will focus on only the most important relationships in the model, occasionally ...

Alfred P . Sloan School of Management