The Hyperbolic Consumption Model: Calibration, Simulation, and Empirical Evaluation
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چکیده
منابع مشابه
The Hyperbolic Consumption Model: Calibration, Simulation, and Empirical Evaluation
O ur preferences for the long run tend to conflict with our short-run behavior. When planning for the long run, we intend to meet our deadlines, exercise regularly, and eat healthfully. But in the short run, we have little interest in revising manuscripts, jogging on the StairMaster, and skipping the chocolate soufflé à la mode. Delay of gratification is a nice long-term goal, but instant grati...
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ژورنال
عنوان ژورنال: Journal of Economic Perspectives
سال: 2001
ISSN: 0895-3309
DOI: 10.1257/jep.15.3.47