Hypothetical Intertemporal Consumption Choices
نویسندگان
چکیده
منابع مشابه
Disentangling Insurance and Information in Intertemporal Consumption Choices
The textbook version of the life-cycle permanent income hypothesis with no liquidity constraints predicts that consumption should react very mildly to (unanticipated) transitory income changes and very strongly to permanent ones. This prediction has important policy implications in understanding the response of consumers to tax rebates or increases that are made for stabilization purposes. In r...
متن کاملDisentangling Insurance and Information in Intertemporal Consumption Choices
The textbook version of the life-cycle permanent income hypothesis with no liquidity constraints predicts that consumption should react very little to transitory shocks to income and very strongly to permanent shocks. This prediction has important policy implications, i.e., to understand the response of consumers to tax rebates or increases that are made for stabilization purposes. In recent ye...
متن کاملThe role of simulation in intertemporal choices
One route to understanding the thoughts and feelings of others is by mentally putting one's self in their shoes and seeing the world from their perspective, i.e., by simulation. Simulation is potentially used not only for inferring how others feel, but also for predicting how we ourselves will feel in the future. For instance, one might judge the worth of a future reward by simulating how much ...
متن کاملMemory controls time perception and intertemporal choices
There is a consensus that human and non-human subjects experience temporal distortions in many stages of their perceptual and decisionmaking systems. Similarly, intertemporal choice research has shown that decision-makers undervalue future outcomes relative to immediate ones. Here we combine techniques from information theory and artificial intelligence to show how both temporal distortions and...
متن کاملMemory shapes time perception and intertemporal choices
There is a consensus that human and non-human subjects experience temporal distortions in many stages of their perceptual and decisionmaking systems. Similarly, intertemporal choice research has shown that decision-makers undervalue future outcomes relative to immediate ones. Here we combine techniques from information theory and artificial intelligence to show how both temporal distortions and...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Economic Journal
سال: 2003
ISSN: 0013-0133,1468-0297
DOI: 10.1111/1468-0297.00111