Optimal Discounting

Optimal Discounting
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DOI:
10.3982/ecta16050
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发表时间:
2022
期刊:
影响因子:
6.1
通讯作者:
Jawwad Noor;Norio Takeoka
Jawwad Noor;Norio Takeoka
中科院分区:
经济学1区
文献类型:
--
作者:
Jawwad Noor;Norio Takeoka

文献摘要

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代理被建模为当前的自我,它最好地产生同情未来的自我的认知成本。该模型结合了跨期选择中众所周知的实验和实证结果,并通过自我控制的概念丰富了多重自我模型。该模型的决定性特征是不耐烦的程度降低:对更大的奖励有更大的耐心。提供了两种减少不耐烦的行为定义,并根据每个定义对模型进行了表征。
The agent is modeled as a current self that optimally incurs a cognitive cost of empathizing with future selves. The model unifies well‐known experimental and empirical findings in intertemporal choice and enriches the multiple selves model with a notion of self‐control. The defining feature of the model is magnitude‐decreasing impatience: greater patience toward larger rewards. Two behavioral definitions of magnitude‐decreasing impatience are provided and the model is characterized under each of them.