Viewing the future through a warped lens: Why uncertainty generates hyperbolic discounting
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- Thomas Epper & Helga Fehr-Duda & Adrian Bruhin, 2011. "Viewing the future through a warped lens: Why uncertainty generates hyperbolic discounting," Journal of Risk and Uncertainty, Springer, vol. 43(3), pages 169-203, December.
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More about this item
Keywords
Time Preferences; Risk Preferences; Hyperbolic Discounting; Probability Weighting; Institutionally Generated Uncertainty;JEL classification:
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBE-2010-10-09 (Cognitive & Behavioural Economics)
- NEP-EVO-2010-10-09 (Evolutionary Economics)
- NEP-EXP-2010-10-09 (Experimental Economics)
- NEP-UPT-2010-10-09 (Utility Models & Prospect Theory)
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