The mixture of factor analyzers model, which has been used successfully for the model-based clustering of high-dimensional data, is extended to generalized hyperbolic mixtures. The development of a mixture of generalized hyperbolic factor analyzers is outlined, drawing upon the relationship with the generalized inverse Gaussian distribution. An alternating expectation-conditional maximization a...

Psychological models of temporal discounting have now successfully displaced classical economic theory due to the simple fact that many common behavior patterns, such as impulsivity, were unexplainable with classic models. However, the now dominant hyperbolic model of discounting is itself becoming increasingly strained. Numerous factors have arisen that alter discount rates with no means to in...