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Derivation of "Rational" Economic Behavior from Hyperbolic Discount Curves

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Cited by:

  1. Price, Colin, 2018. "Declining discount rate and the social cost of carbon: Forestry consequences," Journal of Forest Economics, Elsevier, vol. 31(C), pages 39-45.
  2. Ronald Schettkat, 2020. "Micro-Foundations of Diverging Economic Policies: Keynesian, Behavioural, Neoclassic," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 55(2), pages 105-111, March.
  3. Norman Henderson & Ian Bateman, 1995. "Empirical and public choice evidence for hyperbolic social discount rates and the implications for intergenerational discounting," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 5(4), pages 413-423, June.
  4. Lex Borghans & Angela Lee Duckworth & James J. Heckman & Bas ter Weel, 2008. "The Economics and Psychology of Personality Traits," Journal of Human Resources, University of Wisconsin Press, vol. 43(4).
  5. O’Donoghue, Ted & Rabin, Matthew, 2002. "Addiction and Present-Biased Preferences," Department of Economics, Working Paper Series qt3v86x53j, Department of Economics, Institute for Business and Economic Research, UC Berkeley.
  6. Van de Calseyde, Philippe P.F.M. & Keren, Gideon & Zeelenberg, Marcel, 2014. "Decision time as information in judgment and choice," Organizational Behavior and Human Decision Processes, Elsevier, vol. 125(2), pages 113-122.
  7. Holden, Stein, 2014. "Explaining anomalies in intertemporal choice: A mental zooming theory," CLTS Working Papers 2/14, Norwegian University of Life Sciences, Centre for Land Tenure Studies, revised 10 Oct 2019.
  8. Stavins, Robert, 2004. "Environmental Economics," Working Paper Series rwp04-051, Harvard University, John F. Kennedy School of Government.
  9. Leonardo Becchettibecchetti & Luisa Corrado & Pierluigi Conzo, 2017. "Sociability, altruism and well-being," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 41(2), pages 441-486.
  10. Daniel Serra, 2021. "Decision-making: from neuroscience to neuroeconomics—an overview," Theory and Decision, Springer, vol. 91(1), pages 1-80, July.
  11. Piotr Białowolski, 2018. "Hard Times! How do Households Cope with Financial Difficulties? Evidence from the Swiss Household Panel," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 139(1), pages 147-161, August.
  12. Kan, Kamhon, 2007. "Cigarette smoking and self-control," Journal of Health Economics, Elsevier, vol. 26(1), pages 61-81, January.
  13. Ying Hu & Hanqing Jin & Xun Yu Zhou, 2011. "Time-Inconsistent Stochastic Linear--Quadratic Control," Papers 1111.0818, arXiv.org.
  14. Pepper, Alexander & Gore, Julie, 2014. "The economic psychology of incentives: An international study of top managers," Journal of World Business, Elsevier, vol. 49(3), pages 350-361.
  15. Garcia-Torres, Abraham, 2009. "Consumer behaviour: evolution of preferences and the search for novelty," MERIT Working Papers 2009-005, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  16. Dessí, Roberta & Zhao, Xiaojian, 2018. "Overconfidence, stability and investments," Journal of Economic Behavior & Organization, Elsevier, vol. 145(C), pages 474-494.
  17. Iverson, Terrence, 2012. "Optimal Carbon Taxes with Non-Constant Time Preference," MPRA Paper 43264, University Library of Munich, Germany.
  18. Becchetti, Leonardo & Solferino, Nazaria & Tessitore, Maria Elisabetta, 2015. "Some Insights on Procrastination: A Curse or a Productive Art?," Review of Behavioral Economics, now publishers, vol. 2(4), pages 331-351, December.
  19. Carvalho, M., 2011. "Essays in behavioral microeconomic theory," Other publications TiSEM 97fbb10e-5f12-420b-b8c4-e, Tilburg University, School of Economics and Management.
  20. Anderson, C Leigh & Dietz, Maya & Gordon, Andrew & Klawitter, Marieka, 2004. "Discount Rates in Vietnam," Economic Development and Cultural Change, University of Chicago Press, vol. 52(4), pages 873-887, July.
  21. Mario GRAZIANO & Daniele SCHILIRÒ, 2011. "Rationality And Choices In Economics: Behavioral And Evolutionary Approaches," Theoretical and Practical Research in the Economic Fields, ASERS Publishing, vol. 2(2), pages 182-195.
  22. Barron, Kai & Parry, Charles D.H. & Bradshaw, Debbie & Dorrington, Rob & Groenewald, Pam & Laubscher, Ria & Matzopoulos, Richard, 2022. "Alcohol, Violence and Injury-Induced Mortality: Evidence from a Modern-Day Prohibition," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue Online Ea, pages 1-44.
  23. W. David Bradford & Paul Dolan & Matteo M. Galizzi, 2019. "Looking ahead: Subjective time perception and individual discounting," Journal of Risk and Uncertainty, Springer, vol. 58(1), pages 43-69, February.
  24. Pepper, Alexander & Gore, Julie, 2014. "The economic psychology of incentives: an international study of top managers," LSE Research Online Documents on Economics 51655, London School of Economics and Political Science, LSE Library.
  25. Nir, A., 2004. "Relationships as Commitment Devices : Strategic Silence," Discussion Paper 2004-49, Tilburg University, Center for Economic Research.
  26. Aizer, Anna & Dal B, Pedro, 2009. "Love, hate and murder: Commitment devices in violent relationships," Journal of Public Economics, Elsevier, vol. 93(3-4), pages 412-428, April.
  27. Thomas Epper & Helga Fehr-Duda, 2012. "The missing link: unifying risk taking and time discounting," ECON - Working Papers 096, Department of Economics - University of Zurich, revised Oct 2018.
  28. Colin, Price, 2011. "Optimal rotation with declining discount rate," Journal of Forest Economics, Elsevier, vol. 17(3), pages 307-318, August.
  29. Hanqing Jin & Yimin Yang, 2014. "Time-Inconsistent Mean-Utility Portfolio Selection with Moving Target," Papers 1402.6760, arXiv.org.
  30. Dohmen, Thomas, 2014. "Behavioral labor economics: Advances and future directions," Labour Economics, Elsevier, vol. 30(C), pages 71-85.
  31. Matthew Rabin & Ted O'Donoghue, 1999. "Doing It Now or Later," American Economic Review, American Economic Association, vol. 89(1), pages 103-124, March.
  32. Ted O'Donoghue & Matthew Rabin, 2001. "Risky Behavior among Youths: Some Issues from Behavioral Economics," NBER Chapters, in: Risky Behavior among Youths: An Economic Analysis, pages 29-68, National Bureau of Economic Research, Inc.
  33. O'Donoghue, Ted & Rabin, Matthew, 2006. "Optimal sin taxes," Journal of Public Economics, Elsevier, vol. 90(10-11), pages 1825-1849, November.
  34. Gretchen B. Chapman & Arthur S. Elstein, 1995. "Valuing the Future," Medical Decision Making, , vol. 15(4), pages 373-386, October.
  35. Revesz, Richard & Stavins, Robert, 2004. "Environmental Law and Policy," Working Paper Series rwp04-023, Harvard University, John F. Kennedy School of Government.
  36. Stein T. Holden & John Quiggin, 2017. "Bounded awareness and anomalies in intertemporal choice: Zooming in Google Earth as both metaphor and model," Journal of Risk and Uncertainty, Springer, vol. 54(1), pages 15-35, February.
  37. Schilirò, Daniele & Graziano, Mario, 2011. "Scelte e razionalità nei modelli economici: un'analisi multidisciplinare [Choices and rationality in economic models: a multidisciplinary analysis]," MPRA Paper 31910, University Library of Munich, Germany.
  38. Wahlund, Richard & Gunnarsson, Jonas, 1996. "Mental discounting and financial strategies," Journal of Economic Psychology, Elsevier, vol. 17(6), pages 709-730, December.
  39. Karp, Larry, 2005. "Global warming and hyperbolic discounting," Journal of Public Economics, Elsevier, vol. 89(2-3), pages 261-282, February.
  40. S. Höjgård & U. Enemark & C. H. Lyttkens & A. Lindgren & T. Troëng & H. Weibull, 2002. "Discounting and clinical decision making: Physicians, patients, the general public, and the management of asymptomatic abdominal aortic aneurysms," Health Economics, John Wiley & Sons, Ltd., vol. 11(4), pages 355-370, June.
  41. Newell, Richard G. & Pizer, William A., 2003. "Discounting the distant future: how much do uncertain rates increase valuations?," Journal of Environmental Economics and Management, Elsevier, vol. 46(1), pages 52-71, July.
  42. O'Donoghue, Ted & Rabin, Matthew, 2008. "Procrastination on long-term projects," Journal of Economic Behavior & Organization, Elsevier, vol. 66(2), pages 161-175, May.
  43. Smith, Trenton G, 2002. "Obesity and Nature's Thumbprint: How Modern Waistlines Can Inform Economic Theory," University of California at Santa Barbara, Economics Working Paper Series qt31g1m028, Department of Economics, UC Santa Barbara.
  44. Scholten, Marc & Read, Daniel, 2006. "Beyond discounting: the tradeoff model of intertemporal choice," LSE Research Online Documents on Economics 22710, London School of Economics and Political Science, LSE Library.
  45. Michelle Baddeley & Geoff Harcourt, 2021. "A Behavioural Model of Investment Appraisal and its Implications for the Macroeconomy," Working Paper Series 2021/05, Economics Discipline Group, UTS Business School, University of Technology, Sydney.
  46. Pepper, Alexander, 2017. "Applying economic psychology to the problem of executive compensation," LSE Research Online Documents on Economics 79675, London School of Economics and Political Science, LSE Library.
  47. Neszveda, G., 2019. "Essays on behavioral finance," Other publications TiSEM 05059039-5236-42a3-be1b-3, Tilburg University, School of Economics and Management.
  48. 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.
  49. Ted O’Donoghue & Matthew Rabin, 2006. "Incentives and Self Control," Levine's Bibliography 122247000000001262, UCLA Department of Economics.
  50. Panas, Epaminondas & Yannacopoulos, Athanasios N., 2012. "Ramsey meets Laibson and Itô: Effects of hyperbolic discounting on stochastic growth," The Journal of Economic Asymmetries, Elsevier, vol. 9(1), pages 51-65.
  51. Guadalupe Souto Nieves, 2003. "El descuento social," Hacienda Pública Española / Review of Public Economics, IEF, vol. 165(2), pages 99-126, June.
  52. Newhouse, Joseph P., 2006. "Reconsidering the moral hazard-risk avoidance tradeoff," Journal of Health Economics, Elsevier, vol. 25(5), pages 1005-1014, September.
  53. Smith, Trenton G. & Tasnadi, Attila, 2007. "A theory of natural addiction," Games and Economic Behavior, Elsevier, vol. 59(2), pages 316-344, May.
  54. Leigh Anderson & Kostas G. Stamoulis, 2006. "Applying Behavioural Economics to International Development Policy," WIDER Working Paper Series RP2006-24, World Institute for Development Economic Research (UNU-WIDER).
  55. David Bradford & Charles Courtemanche & Garth Heutel & Patrick McAlvanah & Christopher Ruhm, 2017. "Time preferences and consumer behavior," Journal of Risk and Uncertainty, Springer, vol. 55(2), pages 119-145, December.
  56. Holden, Stein & Quiggin, John, 2015. "Bounded awareness and anomalies in intertemporal choice: Google Earth as metaphor and model," Working Paper Series 13-2015, Norwegian University of Life Sciences, School of Economics and Business.
  57. Luc Arrondel & André Masson & Daniel Verger, 2004. "Mesurer les préférences individuelles pour le présent," Économie et Statistique, Programme National Persée, vol. 374(1), pages 87-128.
  58. Grignon, Michel, 2009. "An empirical investigation of heterogeneity in time preferences and smoking behaviors," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(5), pages 739-751, October.
  59. Settle, Chad & Shogren, Jason F., 2004. "Hyperbolic discounting and time inconsistency in a native-exotic species conflict," Resource and Energy Economics, Elsevier, vol. 26(2), pages 255-274, June.
  60. Beshears, John & Choi, James J. & Harris, Christopher & Laibson, David & Madrian, Brigitte C. & Sakong, Jung, 2015. "Self Control and Commitment: Can Decreasing the Liquidity of a Savings Account Increase Deposits?," Working Paper Series 15-048, Harvard University, John F. Kennedy School of Government.
  61. Romano, Eduardo & Thornsbury, Suzanne, 2007. "Economic Evaluation of SPS Regulations: Where Can Progress be Made?," Staff Paper Series 36946, Michigan State University, Department of Agricultural, Food, and Resource Economics.
  62. Guyse, Jeffery L. & Keller, L. Robin & Eppel, Thomas, 2002. "Valuing Environmental Outcomes: Preferences for Constant or Improving Sequences," Organizational Behavior and Human Decision Processes, Elsevier, vol. 87(2), pages 253-277, March.
  63. Overton, Annemarije A. & MacFadyen, Alan J., 1998. "Time discounting and the estimation of loan duration," Journal of Economic Psychology, Elsevier, vol. 19(5), pages 607-618, October.
  64. Trenton Smith, 2009. "Reconciling psychology with economics: Obesity, behavioral biology, and rational overeating," Journal of Bioeconomics, Springer, vol. 11(3), pages 249-282, December.
  65. Jose Apesteguia & Miguel A. Ballester, 2014. "Discrete choice estimation of time preferences," Economics Working Papers 1442, Department of Economics and Business, Universitat Pompeu Fabra.
  66. Paweł Rokita & Radosław Pietrzyk & Łukasz Feldman, 2014. "Multiobjective Optimization of Financing Household Goals with Multiple Investment Programs," Statistics in Transition new series, Główny Urząd Statystyczny (Polska), vol. 15(2), pages 243-268, March.
  67. Price, Colin, 6. "Optimal Rotation under Continually – or Continuously – Declining Discount Rate," Scandinavian Forest Economics: Proceedings of the Biennial Meeting of the Scandinavian Society of Forest Economics, Scandinavian Society of Forest Economics, issue 42, April.
  68. Hiroaki HAYAKAWA, 2017. "Socio-cultural Evolution, Institutionalized Dispositions, And Rational Expressive Behavior," Journal of Economic and Social Thought, KSP Journals, vol. 4(1), pages 1-40, March.
  69. Lien, Donald & Yu, Chia-Feng (Jeffrey), 2014. "Time-inconsistent investment, financial constraints, and cash flow hedging," International Review of Financial Analysis, Elsevier, vol. 35(C), pages 72-79.
  70. Yehong Yang & Guohua Cao, 2021. "Optimal investment and endogenous payout strategy with time inconsistency," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(1), pages 707-723, January.
  71. Pepper, Alexander & Gore, Julie, 2015. "Behavioral agency theory: new foundations for theorizing about executive compensation," LSE Research Online Documents on Economics 47569, London School of Economics and Political Science, LSE Library.
  72. Nir, A., 2004. "Relationships as Commitment Devices : Strategic Silence," Other publications TiSEM 073fb830-048b-435e-80d2-c, Tilburg University, School of Economics and Management.
  73. Newell, Richard G. & Pizer, William A., 2004. "Uncertain discount rates in climate policy analysis," Energy Policy, Elsevier, vol. 32(4), pages 519-529, March.
  74. Liebermann, Yehoshua & Ungar, Meyer, 2002. "Efficiency of consumer intertemporal choice under life cycle cost conditions," Journal of Economic Psychology, Elsevier, vol. 23(6), pages 729-748, December.
  75. Branko Milanovic, 2008. "Qat Expenditures in Yemen and Djibouti: An Empirical Analysis," Journal of African Economies, Centre for the Study of African Economies, vol. 17(5), pages 661-687, November.
  76. Maria M. Ducla-Soares & Clara Costa-Duarte & Maria A. Cunha-e-Sa, 2001. "The hyperbolic forest owner," Nova SBE Working Paper Series wp405, Universidade Nova de Lisboa, Nova School of Business and Economics.
  77. George Ainslie, 2012. "Pure hyperbolic discount curves predict “eyes open” self-control," Theory and Decision, Springer, vol. 73(1), pages 3-34, July.
  78. Y. Bayer, B.J. Ruffle, R. Zultan, T. Dwolatzky, 2018. "Time preferences of older people with mild cognitive impairment," LCERPA Working Papers 0115, Laurier Centre for Economic Research and Policy Analysis, revised 30 May 2018.
  79. Norman Henderson & Ian Langford, 1998. "Cross-Disciplinary Evidence for Hyperbolic Social Discount Rates," Management Science, INFORMS, vol. 44(11-Part-1), pages 1493-1500, November.
  80. W. David Bradford & Meriem Hodge Doucette, 2023. "Effect of a brief intervention on respondents’ subjective perception of time and discount rates," Journal of Risk and Uncertainty, Springer, vol. 66(1), pages 47-75, February.
  81. Fujii, Tomoki, 2013. "Modeling myopia: Application to non-renewable resource extraction," Mathematical Social Sciences, Elsevier, vol. 66(2), pages 95-104.
  82. Haiyang Wang & Ruimin Xu, 2023. "Time-Inconsistent LQ Games for Large-Population Systems and Applications," Journal of Optimization Theory and Applications, Springer, vol. 197(3), pages 1249-1268, June.
  83. Özer Karagedikli & Anella Munro, 2018. "Interview with Atif Mian, Princeton University," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 81, pages 1-19, March.
  84. Judith Favereau & Nicolas Brisset, 2016. "Randomization of What? Moving from Libertarian to "Democratic Paternalism". GREDEG Working Papers Series," Working Papers hal-02092638, HAL.
  85. Yusi Gong & Taylor P Trentadue & Swastina Shrestha & Elena Losina & Jamie E Collins, 2018. "Financial incentives for objectively-measured physical activity or weight loss in adults with chronic health conditions: A meta-analysis," PLOS ONE, Public Library of Science, vol. 13(9), pages 1-16, September.
  86. Irina Skvortsova & Anna Vershinina, 2021. "Do Cognitive Biases Impact M&A Performance in Emerging Markets? Evidence from Russian Firms," HSE Working papers WP BRP 82/FE/2021, National Research University Higher School of Economics.
  87. John A. Cairns & Marjon M. Van Der Pol, 1997. "Saving future lives. A comparison of three discounting models," Health Economics, John Wiley & Sons, Ltd., vol. 6(4), pages 341-350, July.
  88. Judith Favereau & Nicolas Brisset, 2016. "Randomization of What? Moving from Libertarian to "Democratic Paternalism"," GREDEG Working Papers 2016-34, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
  89. Ronald Schettkat, 2018. "The Behavioral Economics of John Maynard Keynes," Schumpeter Discussion Papers sdp18007, Universitätsbibliothek Wuppertal, University Library.
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