منابع مشابه
Patience
What is patience? Humans and other animals often make decisions that trade off present and future benefits. Should a monkey eat an unripe fruit or wait for it to ripen? Should I purchase the iPhone at its debut or wait for the price to drop in a few months? In these dilemmas, large gains often require long waits, so decision makers must choose between a smaller, sooner reward and a larger, late...
متن کاملPatience and prosperity
This paper introduces wealth-dependent time preference into a simple model of endogenous growth. The model generates adjustment dynamics in line with the historical facts on savings and economic growth in Europe from the High Middle Ages to today. Along a virtuous cycle of development more wealth leads to more patience, which leads to more savings and even higher wealth. Savings rates and incom...
متن کاملPatience among children
Recent policy initiatives offer cash payments to children (and often their families) to induce better health and educational choices. These policies implicitly assume that children are especially impatient (i.e., have high discount rates); however, little is known about the nature of children's patience, how it varies across children, and whether children can even make rational intertemporal ch...
متن کاملPatience of Matrix Games
For matrix games we study how small nonzero probability must be used in optimal strategies. We show that for n × n win-lose-draw games (i.e. (−1, 0, 1) matrix games) nonzero probabilities smaller than n are never needed. We also construct an explicit n × n win-lose game such that the unique optimal strategy uses a nonzero probability as small as n. This is done by constructing an explicit (−1, ...
متن کاملWho Blinks First? Legislative Patience and Bargaining with Governors
When legislators and governors clash over the size of American state government, what strategic factors determine who wins? Efforts to address this question have traditionally relied upon setter models borrowed from the congressional literature and have predicted legislative dominance. We offer an alternative simplification of state budget negotiations that follows the “staring match” logic cap...
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ژورنال
عنوان ژورنال: Journal of Family Planning and Reproductive Health Care
سال: 2016
ISSN: 1471-1893,2045-2098
DOI: 10.1136/jfprhc-2016-101659