Hyperbolic Discounting can represent Consistent Preferences
AbstractAmong 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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Bibliographic InfoPaper provided by Department of Economics, University of Siena in its series Department of Economics University of Siena with number 466.
Date of creation: Sep 2005
Date of revision:
Time Consistency; Hyperbolic Discounting;
Find related papers by JEL classification:
- D90 - Microeconomics - - Intertemporal Choice - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2005-11-19 (All new papers)
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