Hyperbolic Discounting Is Rational: Valuing the Far Future with Uncertain Discount Rates
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- J. Doyne Farmer & John Geanakoplos, 2009. "Hyperbolic discounting is rational: Valuing the far future with uncertain discount rates," Levine's Working Paper Archive 814577000000000356, David K. Levine.
References listed on IDEAS
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Blog mentionsAs found by EconAcademics.org, the blog aggregator for Economics research:
- Is hyperbolic discounting rational?
by Economic Logician in Economic Logic on 2009-09-21 19:54:00
- The sickness of short-term-ism -- it's everywhere
by Mark Buchanan in The Physics of Finance on 2011-07-06 17:36:00
- Deep Discounting Errors?
by Mark Buchanan in The Physics of Finance on 2011-05-28 15:42:00
CitationsCitations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
- David F. Burgess & Richard O. Zerbe, 2013.
"Appropriate discounting for benefit–cost analysis,"
Chapters,in: Principles and Standards for Benefit–Cost Analysis, chapter 7, pages 247-263
Edward Elgar Publishing.
- Burgess David F & Zerbe Richard O, 2011. "Appropriate Discounting for Benefit-Cost Analysis," Journal of Benefit-Cost Analysis, De Gruyter, vol. 2(2), pages 1-20, April.
- Burgess, David F. & Zerbe, Richard O., 2011. "Appropriate Discounting for Benefit-Cost Analysis," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 2(02), pages 1-20, April.
- Gaël Giraud & Céline Rochon, 2010. "Transition to Equilibrium in International Trades," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00657038, HAL.
- Katz, Yuri A., 2017. "Value of the distant future: Model-independent results," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 466(C), pages 269-276.
- repec:kap:theord:v:83:y:2017:i:3:d:10.1007_s11238-017-9603-2 is not listed on IDEAS
- Gaël Giraud & Céline Rochon, 2010. "Transition to Equilibrium in International Trades," Documents de travail du Centre d'Economie de la Sorbonne 10012, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Daniele Pennesi, 2015. "Uncertain discount and hyperbolic preferences," THEMA Working Papers 2015-02, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- Eric Crampton & Matt Burgess & Brad Taylor, 2011. "The Cost of Cost Studies," Working Papers in Economics 11/29, University of Canterbury, Department of Economics and Finance.
- J. Doyne Farmer & John Geanakoplos & Jaume Masoliver & Miquel Montero & Josep Perello, 2014. "Discounting the Distant Future," Cowles Foundation Discussion Papers 1951, Cowles Foundation for Research in Economics, Yale University.
- Boyarchenko, Svetlana & Levendorskii, Sergei, 2010. "Discounting when income is stochastic and climate change policies," MPRA Paper 27998, University Library of Munich, Germany.
More about this item
KeywordsHyperbolic discounting; Environment; Time consistent; Exponential discounting; Geometric random walk; Term structure of interest rates;
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2009-08-16 (All new papers)
- NEP-ENV-2009-08-16 (Environmental Economics)
- NEP-NEU-2009-08-16 (Neuroeconomics)
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