Hyperbolic discounting may be time consistent

被引：0

作者：

Drouhin, Nicolas ^{[1
,2
,3
]}

机构：

[1] Ecole Normale Superieure Cachan, Cachan, France

[2] Ctr Econ Sorbonne, Paris, France

[3] Paris Sch Econ, Paris, France

来源：

ECONOMICS BULLETIN | 2009年 / 29卷 / 04期

关键词：

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Using dynamic programming methodology, the paper analyzes the most general conditions for an additive utility functional to represent time consistent preferences. It challenges the conventional wisdom of the domain, which, following Strotz(1956), assume that only exponential discounting is compatible with time consistent behavior. The paper gives some examples of special time consistent hyperbolic discount functions and also discuss the relation between time consistency and stationarity.

引用

页码：2549 / 2555

页数：7

共 50 条

[1] Time Consistent Discounting
Lattimore, Tor
Hutter, Marcus
[J]. ALGORITHMIC LEARNING THEORY, 2011, 6925 : 383 - 397
[2] Hyperbolic discounting and the time-consistent solution of three canonical environmental problems
Strulik, Holger
[J]. JOURNAL OF PUBLIC ECONOMIC THEORY, 2021, 23 (03) : 462 - 486
[3] General time consistent discounting
Lattimore, Tor
Hutter, Marcus
[J]. THEORETICAL COMPUTER SCIENCE, 2014, 519 : 140 - 154
[4] Is time-discounting hyperbolic or subadditive?
Read, D
[J]. JOURNAL OF RISK AND UNCERTAINTY, 2001, 23 (01) : 5 - 32
[5] Is Time-Discounting Hyperbolic or Subadditive?
Daniel Read
[J]. Journal of Risk and Uncertainty, 2001, 23 : 5 - 32
[6] Hyperbolic Time Discounting, Offender Time Preferences and Deterrence
Thomas A. Loughran
Ray Paternoster
Douglas Weiss
[J]. Journal of Quantitative Criminology, 2012, 28 : 607 - 628
[7] Hyperbolic Time Discounting, Offender Time Preferences and Deterrence
Loughran, Thomas A.
Paternoster, Ray
Weiss, Douglas
[J]. JOURNAL OF QUANTITATIVE CRIMINOLOGY, 2012, 28 (04) : 607 - 628
[8] An extension of quasi-hyperbolic discounting to continuous time
Pan, Jinrui
Webb, Craig S.
Zank, Horst
[J]. GAMES AND ECONOMIC BEHAVIOR, 2015, 89 : 43 - 55
[9] Hyperbolic discounting may be reduced to electrical coupling in dopaminergic neural circuits
Takahashi, Taiki
[J]. MEDICAL HYPOTHESES, 2007, 69 (01) : 195 - 198
[10] Rationalizing hyperbolic discounting
Azfar, O
[J]. JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION, 1999, 38 (02) : 245 - 252

← 1 2 3 4 5 →