Trichotomic discounted utility

Recent evidence on intertemporal choice suggests that decision-makers may exhibit both increasing and decreasing impatience simultaneously, called inverse-S discounting. This paper introduces trichotomic discounted utility to model inverse-S discounting. Under trichotomic discounted utility the deci...

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Veröffentlicht in:	Theory and decision 2019-10, Vol.87 (3), p.321-339
1. Verfasser:	Webb, Craig S.
Format:	Artikel
Sprache:	eng
Schlagworte:	Behavioral/Experimental Economics Consistency Consumption Decision makers Decision making Decision theory Discounting Economic Theory/Quantitative Economics/Mathematical Methods Economics Economics and Finance Finance Game Theory Insurance Management Operations Research/Decision Theory Short term Social and Behav. Sciences Statistics for Business Time Utility functions
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