Title of article
Generalized quasi-geometric discounting
Author/Authors
Eric R. Young، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2007
Pages
8
From page
343
To page
350
Abstract
This paper derives the ‘generalized Euler equation’ for an agent with multi-period deviations from geometric discounting. The functional equation that describes optimal consumption-savings decisions involves manipulation of future selves and indirect manipulation of more distant selves through intervening selves
Keywords
Hyperbolic discounting , quasi-geometric discounting , Time-inconsistent preferences
Journal title
Economics Letters
Serial Year
2007
Journal title
Economics Letters
Record number
436309
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