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Hyperbolic discounting model


hyperbolic discounting model

A large rabattkod stena line ica number of subsequent experiments have confirmed that spontaneous preferences by both human and nonhuman subjects follow a hyperbolic curve rather than the conventional, exponential curve that would produce consistent choice over time. Animal Learning and Behavior. "The economics of immediate gratification". Frederick, Shane; Loewenstein, George; O'Donoghue, Ted (2002). "Psychological Science, 5 33-36.



hyperbolic discounting model

It is one of the cornerstones of behavioral economics.
Different kind of anomalies, which bring up the necessity of the extension of the hyperbolic discounting model, are mentioned.

These indifferences reflect annual discount rates that declined from 277 to 139 to 63 as delays got longer. McClure, Samuel.; Laibson, David.; Loewenstein, George; Cohen, Jonathan. The most obvious objection to hyperbolic discounting dell xps rabatt is that many or most people learn to choose consistently over time in most situations. So to figure out how much I would need to start with today to get y dollars n days from now, I need to divide y dollars by (1 r n ). "The effect of temporal constraints on the value of money and other commodities". Quasi-hyperbolic time preferences are also referred to as "present-biased" or "beta-delta" preferences.

Hyperbolic discounting - Wikipedia



hyperbolic discounting model


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