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Discounting of Delayed Payoffs

Piotr Zielonka; Przemysław Sawicki; Rafał Weron

2009

( 11 )

https:/doi.org/

Abstrakt

The paper presents empirical results on the discounting of delayed payoffswhich show that: (1) the best approximation of the discounting process is a hyperbolic function, (2) (both animals and humans) can reverse their preferences in time. The article presents theoretical conditions on the intertemporal preference reversal.

Pobrań1011

Decyzje

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