TOWARDS A GENERAL MODEL OF TEMPORAL DISCOUNTING
نویسندگان
چکیده
منابع مشابه
Towards a general model of temporal discounting.
Psychological models of temporal discounting have now successfully displaced classical economic theory due to the simple fact that many common behavior patterns, such as impulsivity, were unexplainable with classic models. However, the now dominant hyperbolic model of discounting is itself becoming increasingly strained. Numerous factors have arisen that alter discount rates with no means to in...
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Modeling inter-temporal choice is a key problem in both computer science and economic theory. The discounted utility model of Samuelson is currently the most popular model for measuring the global utility of a time-series of local utilities. The model is limited by not allowing the discount function to change with the age of the agent. This is despite the fact that many agents, in particular hu...
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ژورنال
عنوان ژورنال: Journal of the Experimental Analysis of Behavior
سال: 2012
ISSN: 0022-5002
DOI: 10.1002/jeab.6