Hyperbolic Discounting can represent Consistent Preferences
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References listed on IDEAS
- R. A. Pollak, 1968. "Consistent Planning," Review of Economic Studies, Oxford University Press, vol. 35(2), pages 201-208.
- R. H. Strotz, 1955. "Myopia and Inconsistency in Dynamic Utility Maximization," Review of Economic Studies, Oxford University Press, vol. 23(3), pages 165-180.
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KeywordsTime Consistency; Hyperbolic Discounting;
- D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
NEP fieldsThis paper has been announced in the following NEP Reports:
- NEP-ALL-2005-11-19 (All new papers)
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