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Showing 1 to 12 of 12 for “"Hyperbolic Discounting"”.
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Hyperbolic discounting and consumption
Thesis (Ph. D.)--Massachusetts Institute of Technology, Dept. of Economics, 1994.
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Existence Impacts of Retirement Saving Programs under Heterogeneous Hyperbolic Agents
… when the conventional assumption of exponential discounting is substituted with the assumption of hyperbolic discounting. Hyperbolic discounting is justified by number of empirical and experimental studies of time preference that find discount rates to be much greater in the short-run than in the …
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Long-term management and discounting of groundwater resources with a case study of KukioÌ HawaiiÌ
… of how one values the future through discounting. Exponential and hyperbolic discounting functions are tested with the full range of discount rates and time-scales for the hydrologic system. While the optimal management strategies change depending on the form of the discounting …
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Temporal and Contextual Decision Making: Extending Experimental Choice Research to Clinical Psychology
… study investigated the relationship between six discounting assessment tasks using clinically relevant content and measures of social aspects of psychological functioning. The first contextual discounting task assessed discounting involving variables related to the costs and benefits of entering …
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Nudging' health behavioural change: behavioral economics, Tobacco control and innovative finance for Cancer control
… rationality, goal gradient theory, gamification, hyperbolic discounting, and herd mentality. Findings also revealed innovative ways to fund the control of tobacco-related cancer, which included public-private partnerships, taxation and occupational health compensations. Despite substantial efforts …
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Essays on Contest Theory Experiments and Revealed Time Preference Models
… the non-leaders. Chapter 4 develops the quasi-hyperbolic discounting model into the general beta-delta model to parametrically detect and measure the inconsistency in revealed time preference. This method empirically classifies time preference into four categories, i.e., time consistent, …
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A study on attitudes towards postgraduate education in the UK
… intertemporal choice with exponential discounting as well as hyperbolic discounting. Thus, a model characterising optimal stopping times for both individuals is derived. This will allow for more government consideration of the social and economic constraints that influence transitions …
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The economics of addiction: an experimental investigation
… addiction literature; e.g., that the probability discounting and hyperbolic discounting models best characterise choice under risk and over time, respectively. But it also replicates a previous finding; i.e., that smokers tend to discount the future more heavily than non-smokers. It shows, …
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Essays on Health Economics
… long-term benefits, is captured in economics by hyperbolic discount factors and the corresponding time-inconsistent preferences. This chapter extends the semi-parametric identification and estimation method for dynamic discrete choice models using Hotz and Miller's (1993) conditional choice …
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Discounting of Probabilistic Reinforcers by Pigeons
<p>The phenomenon of probability discounting - the decrease in the subjective value of an outcome as the likelihood of its receipt decreases - has been an increasingly explored area of research with human participants, but has received little attention with nonhuman animals. The few studies that …
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Essays in behavioral economics
… in detail. This paper extends Laibson's quasi-hyperbolic discounting savings model, in which each intertemporal self realizes that her time discount structure will lead to preference changes, and thus plays a game with her future selves. By making retirement endogenous, savings affect both …
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Essays on Self-Control
<p>This dissertation concerns methods to test whether or not self-control</p><p>is costly, the form of temptation, and the affects different assumptions</p><p>about costly self-control and temptation have on optimal borrowing</p><p>and saving mechanisms. The second chapter shows that costly …