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