Some Common Confusions about Hyperbolic Discounting

There is much confusion over what "hyperbolic discounting" means. I argue that what matters is the use of relativistic instead of objective time, not the shape of the discount function.

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Year of publication:	2008-03
Authors:	Rasmusen, Eric
Institutions:	Department of Business Economics and Public Policy, Kelley School of Business
Subject:	time inconsistency \| hyperbolic discounting

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2008-11
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005453605