Equivalent representations of non-exponential discounting models

DOI10.1016/J.JMATECO.2016.08.001zbMATH Open1368.91124OpenAlexW2182311829MaRDI QIDQ504400FDOQ504400

Authors: James A. Feigenbaum 

Publication date: 16 January 2017

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://digitalcommons.usu.edu/cgi/viewcontent.cgi?article=1917&context=econ_facpubs

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zbMATH Keywords

consumptionexponential discountingmyopiasavingbehavioral economicsnaive hyperbolic discounting

Mathematics Subject Classification ID

Consumer behavior, demand theory (91B42)

Cites Work

• Consumption Over the Life Cycle
• Golden Eggs and Hyperbolic Discounting
• Ramsey Meets Laibson in the Neoclassical Growth Model
• Non-constant discounting in finite horizon: the free terminal time case
• Revealed Preference Analysis of Characteristics Models
• Similarity and decision-making under risk (Is there a utility theory resolution to the Allais paradox?)
• Short-term planning and the life-cycle consumption puzzle
• Optimal retirement consumption with a stochastic force of mortality
• Time inconsistency and retirement planning
• Hyperbolic discounting and the standard model: eliciting discount functions

Cited In (12)

• A solution method for heterogeneity involving present bias
• Timescale standard to discriminate between hyperbolic and exponential discounting and construction of a nonadditive discounting model
• Lifecycle consumption and welfare with nonexponential discounting in continuous time
• A generalization of the \(q\)-exponential discounting function
• Consumption and risk with hyperbolic discounting
• Examining predictive accuracy among discounting models
• A simple framework for the axiomatization of exponential and quasi-hyperbolic discounting
• Time-inconsistent preferences and time-inconsistent policies
• Discounting and the representative median agent
• How innocuous is it to approximate globally decreasing impatience with quasi-hyperbolic discounting?
• Excessive consumption and present bias
• How the future shapes consumption with time-inconsistent preferences

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