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Decyzje

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Year 2014-03-28 
Issue 11

Discounting of Delayed Payoffs

Piotr Zielonka
Szkoła Główna Gospodarstwa Wiejskiego

Przemysław Sawicki
Akademia Leona Koźmińskiego

Rafał Weron
Centrum im. H. Steinhausa, Instytut Matematyki i Informatyki, Politechnika Wrocławska

2014-03-28 (11) Decyzje

Abstract

The paper presents empirical results on the discounting of delayed payoffs
which 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.

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APA style

Zielonka, P. , Sawicki, P. , & Weron, R. . (2009). Discounting of Delayed Payoffs. Decyzje, (11), 49 70. Retrieved de https://journal.kozminski.edu.pl/index.php/decyzje/article/view/115 (Original work published 2014-03-28)

MLA style

Zielonka, P. , et al. “Discounting Of Delayed Payoffs”. 2014-03-28. Decyzje, no. 11, 2009, p. 49 70.

Chicago style

Zielonka, Piotr , Przemysław Sawicki, and Rafał Weron. “Discounting Of Delayed Payoffs”. Decyzje, Decyzje, no. 11 (2009): 49 70. https://journal.kozminski.edu.pl/index.php/decyzje/article/view/115.