Impatience and accumulation
نویسندگان
چکیده
منابع مشابه
impatience and Accumulation
In studying the concept of impatience Koopmans [8] was led to a useful class of preference orderings which generalises the familiar class of additively separable preferences. These aggregator preference orderings (see Definition 2.3) exhibit a richer variety of behaviour for the various concepts of impatience that can be associated with preference orderings among commodity sequences over time a...
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We hypothesize that the tendency to frame narrowly is related to an individual’s time preference. To test this, we confront a large sample of the Dutch population with a series of incentivized investment decisions and elicit time preferences. We find that the tendency to frame narrowly is not generally related to discount rates. At the same time, we find that it is easier to induce impatient in...
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This paper introduces a life-cycle model where impatience, instead of being driven by an exogenous discount function, results from the combination of risk aversion and mortality risks. Opting for such a formulation provides novel views on the impact of longevity extension on welfare, saving behavior and capital accumulation. In particular, we show that longevity extension may have much larger i...
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Surgeons share their challenges and dilemmas in making ethical decisions in these twelve personal stories. The three commentary articles draw out the lessons the stories address. The commentators come from diverse backgrounds including sociology, bioethics, nursing, and surgery.
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ژورنال
عنوان ژورنال: Journal of Mathematical Analysis and Applications
سال: 1984
ISSN: 0022-247X
DOI: 10.1016/0022-247x(84)90294-4