Non-hyperbolic discounting and dynamic preference reversal
نویسندگان
چکیده
منابع مشابه
Decreasing Impatience: A Criterion for Non-stationary Time Preference and ‘‘Hyperbolic’’ Discounting
Despite recent interest in hyperbolic discounting, there has been little discussion of exactly what property of time preferences is instantiated by hyperbolic or quasi-hyperbolic functional forms. The paper revives an earlier proposal in Prelec (1989) that the key property is Pratt– Arrow convexity of the log of the discount function, which corresponds to decreasing impatience (DI) at the level...
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ژورنال
عنوان ژورنال: Theory and Decision
سال: 2019
ISSN: 0040-5833,1573-7187
DOI: 10.1007/s11238-018-09683-3