A simple framework for the axiomatization of exponential and quasi-hyperbolic discounting
نویسندگان
چکیده
منابع مشابه
A Simple Axiomatization of Quasi-hyperbolic Discounting∗
This paper provides a novel axiomatization of quasi-hyperbolic discounting, which imposes consistency restrictions directly on the intertemporal tradeoffs. The experimental design proposed in this paper will be useful for experimental work since it renders the short-run discount factor elicitation independent of the utility function. This makes comparisons of impatience across a spectrum of dif...
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This article provides an axiomatic characterization of quasi-hyperbolic discounting and a more general class of semi-hyperbolic preferences. We impose consistency restrictions directly on the intertemporal trade-offs by relying on what we call ‘‘annuity compensations.’’ Our axiomatization leads naturally to an experimental design that disentangles discounting from the elasticity of intertempora...
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People make intertemporal choices, decisions regarding costs and benefits at different points in time, as a matter of routine. Such choices range from mundane decisions, like when to set one’s alarm clock, to critical decisions, like whether or not to invest in retirement plans or health insurance. Beyond individuals’ decisions, nations must also make intertemporal choices when charting courses...
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آب حاصل از بارش منبع تأمین نیازهای بی شمار جانداران به ویژه انسان است و هرگونه کاهش در کم و کیف آن مستقیماً حیات موجودات زنده را تحت تأثیر منفی قرار می دهد. نوسان سال به سال بارش از ویژگی های اساسی و بسیار مهم بارش های سالانه ایران محسوب می شود که آثار زیان بار آن در تمام عرصه های اقتصادی، اجتماعی و حتی سیاسی- امنیتی به نحوی منعکس می شود. چون میزان آب ناشی از بارش یکی از مولفه های اصلی برنامه ...
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ژورنال
عنوان ژورنال: Theory and Decision
سال: 2016
ISSN: 0040-5833,1573-7187
DOI: 10.1007/s11238-016-9566-8