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Decreasing relative impatience

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Eliciting discount functions when baseline consumption changes over time

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Eliciting discount functions when baseline consumption changes over time

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Eliciting discount functions when baseline consumption changes over time

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Many empirical studies on intertemporal choice report preference reversals in the sensethat a preference between a small reward to be received soon and a larger reward to bereceived later reverses as both rewards are equally delayed. Such preference reversals arecommonly interpreted as...

Persistent link: https://www.econbiz.de/10011379439

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