Title of article
Consumption and Risk with hyperbolic discounting
Author/Authors
Liutang Gong، نويسنده , , William Smith، نويسنده , , Heng-fu Zou، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2007
Pages
8
From page
153
To page
160
Abstract
Hyperbolic discounting is not observationally equivalent to exponential discounting. It is always possible to calibrate an exponential model so that it predicts the same level of consumption as a hyperbolic model. However, the two models have radically different comparative statics.
Keywords
Consumption , Uncertainty , Hyperbolic discounting
Journal title
Economics Letters
Serial Year
2007
Journal title
Economics Letters
Record number
436278
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