Search Results - subject:"generalized hyperbolic discounting"

How innocuous is it to approximate globally decreasing impatience with quasi-hyperbolic discounting?

Calcott, Paul; Petkov, Vladimir - In: Journal of mathematical economics 111 (2024), pp. 1-12

Persistent link: https://www.econbiz.de/10015071638

Generalized hyperbolic discounting, borrowing aversion, and debt holding

Ikeda, Shinsuke; Kang, Myong-Il - 2011

Analysis of an original, broad, internet-based survey reveals that debt holding is related to three aspects of time discounting: (i) present bias, measured by the degree of declining impatience in the generalized hyperbolic discount function; (ii) borrowing aversion, captured by a sign effect -...

Persistent link: https://www.econbiz.de/10010332462

Increasing elasticity of the value function in the Loewenstein-Prelec theory of intertemporal choice

al-Nowaihi, Ali; Dhami, Sanjit - Department of Economics, Leicester University - 2007

In a critique of the Loewenstein and Prelec (1992) theory of intertemporal choice, al-Nowaihi and Dhami (2006) point out to four errors. One of the alleged errors was that the value function in prospect theory is decreasing. But it is in fact increasing. We provide a correction and a formal...

Persistent link: https://www.econbiz.de/10005385014

Explaining the anomalies of the exponential discounted utility model

al-Nowaihi, Ali; Dhami, Sanjit - Department of Economics, Leicester University - 2007

of the generalized hyperbolic discounting formula which remains the most general formulation of the hyperbolic …�ect, and the delay-speedup asymmetry. Furthermore, if combined instead with generalized hyperbolic discounting, the SIE class … s > 0, then v(x)' (s) > v (y)' (s + t). To derive the LP formula for generalized hyperbolic discounting (LP (15), p580 …

Persistent link: https://www.econbiz.de/10005561916

A Note On Generalized Hyperbolic Discounting

al-Nowaihi, Ali; Dhami, Sanjit - Department of Economics, Leicester University - 2006

approach to decision making over time and derive the generalized hyperbolic discounting formula. Here we show that their … DEPARTMENT OF ECONOMICS A NOTE ON GENERALIZED HYPERBOLIC DISCOUNTING Ali al … A Note On Generalized Hyperbolic Discounting Ali al-Nowaihi ∗ Sanjit Dhami † August 2006 Abstract In a major …

Persistent link: https://www.econbiz.de/10005561903

A Note On The Loewenstein-Prelec Theory Of Intertemporal Choice

Dhami, Sanjit; al-Nowaihi, Ali - Department of Economics, Leicester University - 2005

provide a correct, more direct and simpler derivation of their generalized hyperbolic discounting formula that has formed the … implications 4 . Second, we provide a correct, more direct and simpler derivation of their generalized hyperbolic discounting …-speedup asymmetry (LP, p578). To derive the LP formula for generalized hyperbolic discounting (LP (15), p580), a specialized form of A3 …

Persistent link: https://www.econbiz.de/10005561948