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Hyperbolic Discounting can represent Consistent Preferences

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Author Info
Nicola Dimitri ()
Abstract

Among non Exponential Discounting (ED) models, introduced to capture time inconsistent choices, Hyperbolic Discounting (HD) recently gained particular relevance. This paper points out that, for some particular payoff structures, HD can also represent consistent preferences

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Paper provided by Department of Economics, University of Siena in its series Department of Economics University of Siena with number 466.

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Date of creation: Sep 2005
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Handle: RePEc:usi:wpaper:466

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Related research
Keywords: Time Consistency Hyperbolic Discounting

Find related papers by JEL classification:
D90 - Microeconomics - - Intertemporal Choice and Growth - - - General

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