Now or Never: Environmental Protection Under Hyperbolic Discounting

Now or Never?

A N explora t ion was made, o n the in i t i a t ive of Professor P C Mahalanobis . F R S, of possible appl icat ions of geographical techniques to problems of nat ional p lanning; in I n d i a . In pa r t i cu l a r a p i l o t project in regional survey fo r p lanning, purposes was car r ied out in Mysore State, w i th the col labora t ion of I n d i a n geographers, statisticians, and econom...

Firm Investment Decisions under Hyperbolic Discounting

This paper constructs a model of corporate investment decisions under hyperbolic discounting of present values. The hyperbolic discounted present value can be interpreted as reáecting irrational myopic preferences or, as this paper demonstrates, reduced-form implications of corporate agency issues. Both cases result in an underinvestment problem for the Örm, but the Örm valuation criteria di§er...

[Translational cardiovascular medicine. Now or never].

Is time-discounting hyperbolic or subadditive

Subadditive time discounting means that discounting over a delay is greater when the delay is divided into subintervals than when it is left undivided. This may produce the most important result usually attributed to hyperbolic discounting: declining impatience, or the inverse relationship between the discount rate and the magnitude of the delay. Three choice experiments were conducted to test ...

Now or Never: Negotiating Efficiently with Unknown or Untrusted Counterparts

We define a new protocol rule, Now or Never (NoN), for bilateral negotiation processes which allows self-motivated competitive agents to efficiently carry out multi-variable negotiations with remote untrusted parties, where privacy is a major concern and agents know nothing about their opponent. By building on the geometric concepts of convexity and convex hull, NoN ensures a continuous progres...