Decreasing impatience
By: Chambers, C.P. Echenique, F. and Miller, A.D
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Material type: 
BookPublisher: American Economic Journal: Microeconomics Description: 15(3), Aug, 2023: p.527-551.
In:
American Economic Journal: MicroeconomicsSummary: We characterize decreasing impatience, a common behavioral phenomenon in intertemporal choice. Discount factors that display decreasing impatience are characterized through a convexity axiom for investments at fixed interest rates. Then we show that they are equivalent to a geometric average of generalized quasi-hyperbolic discount rates. Finally, they emerge through parimutuel preference aggregation of exponential discount factors.- Reproduced
https://www.aeaweb.org/articles?id=10.1257/mic.20210361
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | 15(3), Aug, 2023: p.527-551 | Available | AR130134 |
We characterize decreasing impatience, a common behavioral phenomenon in intertemporal choice. Discount factors that display decreasing impatience are characterized through a convexity axiom for investments at fixed interest rates. Then we show that they are equivalent to a geometric average of generalized quasi-hyperbolic discount rates. Finally, they emerge through parimutuel preference aggregation of exponential discount factors.- Reproduced
https://www.aeaweb.org/articles?id=10.1257/mic.20210361
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