Hybrid Exponential-Hyperbolic Discounting and Growth Without Commitment
نویسندگان
چکیده
منابع مشابه
Uncertainty and Hyperbolic Discounting
Empirical studies in economics and behavioral ecology suggest that, ceteris paribus, animals and humans appear to place less weight on the future than on the present, i.e., they act as though they discount future payoffs. Furthermore (and more interestingly), they do so with discount rates that increase as the time before those payoffs are realized grows shorter. In other words, subjects act as...
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ژورنال
عنوان ژورنال: The Manchester School
سال: 2017
ISSN: 1463-6786
DOI: 10.1111/manc.12197