Non-hyperbolic discounting and dynamic preference reversal

In this paper, we present a time-varying and non-stationary but non-hyperbolic discount function that explains dynamic preference reversal. The new discount function emerges from an analysis of intertemporal consumption and savings choices with mortality risk and an altruistic factor. Our analysis s...

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Veröffentlicht in:	Theory and decision 2019-03, Vol.86 (2), p.283-302
Hauptverfasser:	Chen, Shou, Fu, Richard, Wedge, Lei, Zou, Ziran
Format:	Artikel
Sprache:	eng
Schlagworte:	Altruism Behavioral/Experimental Economics Consumption Decision making Discounting Economic models Economic Theory/Quantitative Economics/Mathematical Methods Economics Economics and Finance Finance Game Theory Hyperbolic functions Insurance Management Operations Research/Decision Theory Preferences Reversal Savings Social and Behav. Sciences Statistics for Business
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