Hyperbolic discounting and the standard model: Eliciting discount functions
نویسندگان
چکیده
منابع مشابه
Hyperbolic discounting and the standard model: Eliciting discount functions
Experiments on static intertemporal choice nd evidence of particularly extreme impatience toward immediate rewards. While this is often taken as support for hyperbolic discounting, it could also arise because the most likely participants in experiments are also those with the most immediate need for money. We conduct a calibration exercise and nd that the extreme impatience observed in experi...
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This work has been supported financially by the National Science Foundation (SBR-9510985) and the Alfred P. Sloan Foundation. I am grateful to Joshua S, White for excellent research assistance. I have benefitted from conversations with Robert Barre, Roland Benabou, Olivier Blanchard, Casey Mulligan, Richard Zeckhauser and seminar participants at Boston College, Dartmouth, Harvard, Johns Hopkins...
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ژورنال
عنوان ژورنال: Journal of Economic Theory
سال: 2009
ISSN: 0022-0531
DOI: 10.1016/j.jet.2009.03.005