Allais meets Strotz: Remarks on the relation between Present Bias and the Certainty Effect
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- Halevy, Yoram, 2004. "Strotz meets Allais: Diminishing Impatience and the Certainty Effect," Microeconomics.ca working papers yoram_halevy-2004-16, Vancouver School of Economics, revised 25 Feb 2014.
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More about this item
Keywordshyperbolic discounting; present bias; non-expected utility; prospect theory; common ratio effect;
All these keywords.
- D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-UPT-2015-02-16 (Utility Models & Prospect Theory)
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