Present-biased preferences and the effect of illiquid assets
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DOI: 10.1016/j.econlet.2024.112021
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More about this item
Keywords
Present bias; Illiquid asset; Liquidity premium; Consumption-savings decisions; Pre-commitment effect;All these keywords.
JEL classification:
- D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
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