Quasi-hyperbolic Discounting
Quasi-hyperbolic discounting
... exponential discounting and assesses their empirical ...alternatives, quasi-hyperbolic discounting constitutes the single least departure from exponential ...exponential discounting ...
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Continuous quasi-hyperbolic discounting
... Exponential discounting is the special case of CQH discounting with đ˝ = ...CQH discounting retains the intuitive properties of dis- crete quasi-hyperbolic discounting, in a form ...
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Axiomatization and Measurement of Quasi-Hyperbolic Discounting *
... model. Quasi-hyperbolic discounting retains the property of time-separability but relaxes ...generalized hyperbolic discounting of Loewenstein and Prelec ( 1992 ...
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Axiomatization and Measurement of Quasi-Hyperbolic Discounting
... model. Quasi-hyperbolic discounting retains the property of time-separability but relaxes ...generalized hyperbolic discounting of Loewenstein and Prelec ...
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A quasi-hyperbolic discounting approach to smoking behavior
... the quasi-hyperbolic discount- ing ...that quasi-hyperbolic discounting parameters function as good predictors of smoking status, which marks a breakthrough in smoking ...
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An extension of quasi-hyperbolic discounting to continuous time.
... (TSE) discounting, the model developed here, gen- eralises exponential discounting in a parsimonious ...of Quasi-Hyperbolic discounting to continuous ...TSE discounting captures ...
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Quasi Hyperbolic Discounting and the Existence of Time Inconsistent Retirement
... Keywords: Quasi-Hyperbolic Discounting; Retirement; Life-Cycle Consumption/Saving Theory; Time Inconsistency ...of hyperbolic discounting, in which a sizable body of research has ...
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Generalisations of Quasi-Hyperbolic Discounting
... delayed discounting, with the rate of discounting being highest for children and lowest for older ...time discounting see Frederick, Loewentstein and OâDonoghue ...
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Quasi-Hyperbolic Discounting and Social Security Systems
... are hyperbolic discounters, PAYG system isolates both bequests and second period consumptions from fluctuations of longevity while funded systems fails to do ...that hyperbolic discounting creates ...
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An Egg Today and a Chicken Tomorrow: A Model of Social Security with Quasi-Hyperbolic Discounting
... 9 Concluding Remarks This paper has studied a model of social security with endogenous retirement age and hyperbolic discounting in individualsâ preferences. Our model provides a justification for the ...
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Consumption and Risk with hyperbolic discounting
... is quasi-hyperbolic discounting: starting at time t the consumer's discount function decays exponentially at the constant rate β until time t + h; just prior to time t + h it drops discontinuously to ...
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Hyperbolic Discounting of Public Goods
... This article examines revealed rates of time preference for public goods, using environmental quality as the case study. A nationally representative panel-based sample of 2,914 respondents considered a series of 5 ...
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Asset Prices and Hyperbolic Discounting
... discounting affects consumption and the risk-free rate, but does not alter portfolio demands or excess returns. They do not investigate the compar- ative statics of consumption or of asset prices. 2. CONSUMPTION ...
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Obesity and Hyperbolic Discounting: An Experimental Analysis
... both hyperbolic and exponential discount functions, without allowing for risk aversion (r = 1), quasi-hyperbolic discounting (or variable-cost of discounting, Ď = 0) or a ďŹxed-cost of ...
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Rural land development under hyperbolic discounting
... using hyperbolic rather than exponential functions in model set- up (see Frederick et ...for quasi- hyperbolic discounting has been found by Salois and Moss (2011) in a study based on US ...
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Hyperbolic Discounting and COVID-19 Policy Responses
... measure hyperbolic discounting, data was used from Wang et alâs 2016 estimates of mean β, or degrees of present ...a quasi-hyperbolic discounting model, where δ is the rational discount ...
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Rising indebtedness and hyperbolic discounting: a welfare analysis
... a hyperbolic discounting ...a quasi-hyperbolic discounting preference and examine the effect of relaxation of the borrowing constraint which generates increased ...exponential ...
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Uncertainty and Hyperbolic Discounting
... Abstract We propose an evolutionary explanation for the pattern of intertemporal preference reversals often ascribed to âhyperbolic discounting.â We take the view that preferencesâ manifested, for example, ...
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Quasi-Hyperbolic Geodesics are Hyperbolic Quasi-Geodesics
... Euclidean, hyperbolic, and quasihyperbolic lengths of certain ...a quasi-geodesic is âbadâ if bp is large at each of its points, and âgoodâ ...bad quasi-geodesicsâ have comparable hyperbolic ...
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Personality Influences Hyperbolic Discounting
... escaped hyperbolic discounting, and for those affected there was no âmagnitude ...influence hyperbolic discounting mediated by the demographics of age, sex, income and educa- tional ...
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