Search Results - subject_exact:"Discounting"

Evaluation of investment projects in Kyrgyzstan : modern methods and errors in controlling practice

Toichiev, Tilek - 2025

The study aimed to improve methodological approaches to assessing the effectiveness of investment projects in the Kyrgyz Republic. The study was based on the comparative economic, structural-dynamic, correlation-regression and scenario analysis, as well as methods of content analysis of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015616717

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Evaluation of investment projects in Kyrgyzstan: Modern methods and errors in controlling practice

Toichiev, Tilek - 2025

Article

Intergenerational discounting and inequality

Nesje, Frikk; Piacquadio, Paolo G. - 2025

We study all theories of justice that disentangle ethical views on intergenerational discounting and intergenerational inequality. Each “modular” social welfare function is uniquely identified by a time-discounting function—capturing attitudes toward time—and an aggregator function—...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015186356

Discounting

Gollier, Christian - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015457659

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Discounting

Gollier, Christian - 2024

Book / Working Paper

Discounting and extraction behavior in continuous time resource experiments

Davin, Marion; Dubois, Dimitri; Erdlenbruch, Katrin; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014529046

Do time preferences predict diabetes outcomes? : a combined survey and register-based study

Madsen, Kristoffer Panduro; Kjær, Trine - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015095057

Dynamically consistent intergenerational welfare

Mononen, Lasse - 2024

Dynamic consistency is crucial for credible evaluation of intergenerational choice plans that inherently lack commitment. We offer a general characterization for dynamically consistent intergenerational welfare aggregation. The aggregation is characterized by envy-guilt asymmetry in discounting...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014475252

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Dynamically consistent intergenerational welfare

Mononen, Lasse - 2024

Book / Working Paper

Are decision errors explaining hyperbolic discounting and nonlinear probability weighting?

Holden, Stein Terje; Tione, Sarah; Tilahun, Mesfin; … - 2024

We study risky inter-temporal choice in a large random student sample (n=721) and a large rural sample (n=835) in Malawi. All respondents were exposed to the same 20 Multiple Choice Lists with a rapid elicitation method that facilitated the identification of near-future Certainty Equivalents of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014581476

Normative aspects in modeling the urgency of climate policy

Guerriero, Arthur Zito; Kapeller, Jakob; Ankel-Peters, Jörg - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641641

Large and deep factor models

Kelly, Bryan T.; Kuznetsov, Boris; Malamud, Semyon; Xu, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015609789

Household preferences in an emerging economy : robust estimates of discount factor and coefficient of relative risk aversion for Pakistan

Ahmed, Waqas; Rehman, Muhammad; Iqbal, Javed; Sheraz, Sahar - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015586903

Stress discounting

Cherbonnier, Frédéric; Gollier, Christian; Pommeret, Aude - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015591724

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Stress discounting

Cherbonnier, Frédéric; Gollier, Christian; Pommeret, Aude - 2026

Book / Working Paper

Separating discounting from changing utility

Webb, Craig S. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638829

The association between time discounting, hyperbolic discounting, and inflation expectations : evidence from large-scale survey data

Ogura, Kota; Yamaguchi, Manaka; Aizawa, Sakiho; Khan, … - 2026

Inflation expectations play a central role in monetary policy effectiveness, yet relatively little is known about how individual behavioral traits shape expectation formation. This study examines whether time discounting and hyperbolic discounting, key dimensions of intertemporal preferences,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639017

Normative aspects in modeling the urgency of climate policy

Guerriero, Arthur Zito; Kapeller, Jakob; Ankel-Peters, Jörg - 2026

The social cost of carbon (SCC) isthe central concept of benefit-cost analysis in climate economics. The SCC provides guidance on the urgency of climate policy as it expresses the present value of expected future damages associated with the emission of one additional ton of CO2. This paper...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639041

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Normative aspects in modeling the urgency of climate policy

Guerriero, Arthur Zito; Kapeller, Jakob; Ankel-Peters, Jörg - 2026

Book / Working Paper

Digital financial literacy and hyperbolic discounting : evidence from Japanese investors

Shiiku, Asahi; Otchere-Appiah, Gideon; Khan, Mostafa … - 2026

This study investigates the relationship between digital financial literacy (DFL) and hyperbolic discounting among 104,993 active securities account holders in Japan. As digital financial services expand rapidly, individuals increasingly require not only traditional financial knowledge but also...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639085

Procedural intergenerational equity and the social discount factor : a bargaining approach

Akao, Ken-Ichi - 2026 - This version: April 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639490

Recursive portfolio machines

Fan, Jonathan; Kelly, Bryan T.; Malamud, Semyon; Zhang, Yuan - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015640045

Closed-form valuation of discounted cash flows with finite poisson arrivals in a finite horizon

Kitamura, Yuto; Kudo, Yuta; Shimoshimizu, Makoto; Goto, … - 2026

This paper derives a closed-form expression for the expected discounted value of aggregate cash flows when arrival times follow a Poisson process but both the time horizon and the number of arrivals are finite. The result provides a tractable analytical formula for the expected discounted sum...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015640331

Does hyperbolic discounting mediate the association between financial literacy and investment in risky assets?

Khan, Mostafa Saidur Rahim; Kadoya, Yoshihiko - 2026

Investment in risky financial assets plays a crucial role in individual wealth accumulation and broader financial market development. However, existing research has primarily emphasized financial literacy while giving limited attention to behavioral mechanisms that may weaken its influence on...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644250

Behavioral discount rates for entrepreneurs : the effect of overconfidence

Arturo Mongrut, Samuel; Juárez, Nidia; Cruz, Vivian - 2026

In this study, we aim to show the effect of entrepreneurs' overconfidence on their required rates of return. Accordingly, we show the implication of two levels of overconfidence: moderate and excessive.We use a hyperbolic absolute risk aversion utility function with a payoff function affected by...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644816

Seven recommendations for pricing greenhouse gas emissions

Fraas, Arthur G.; Graham, John D.; Krutilla, Kerry M.; … - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014436874

Embedded discounting

Sneum, Daniel Møller; Soysal, Emilie Rosenlund; Nesje, … - 2023

The appraisal of public investments is subject to formal guidelines which often require input prices, such as forecasted energy prices. Using Danish guidelines as a case study, we explore the discounting assumptions in these input prices and find rates ranging from 2.97% to 17.5%, markedly...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014383298

Generalized hyperbolic discounting in security games of timing

Merlevede, Jonathan; Johnson, Benjamin; Grossklags, Jens; … - 2023

In recent years, several high-profile incidents have spurred research into games of timing. A framework emanating from the FlipIt model features two covert agents competing to control a single contested resource. In its basic form, the resource exists forever while generating value at a constant...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014443306

Deriving values of the social rate of time preference

Parker, Chris - 2025

This report estimates the "social rate of time preference" (SRTP) for New Zealand public policy appraisal using a Ramsey equation. It uses the Weitzman (1998) method to derive a declining discount rate schedule of 2% (real) for years 1-30, 1.5% for years 31-100, and 1% for years 101 on. The...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015192267

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Deriving values of the social rate of time preference

Parker, Chris - 2025

Book / Working Paper

Intergenerational Discounting and Inequality

Nesje, Frikk; Piacquadio, Paolo G. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015339447

Sea level rise and optimal flood protection under uncertainty

Prins, Taco; van der Ploeg, Frederick; van den Bremer, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015394887

A Bayesian stochastic discount factor for the cross-section of individual equity options

Käfer, Niclas; Mörke, Mathis; Weigert, Florian; … - 2025 - This version: April 23, 2024

We utilize Bayesian model averaging to estimate a stochastic discount factor (SDF) for single-stock options. A Bayesian model averaging SDF outperforms reduced-form benchmark models in-sample and out-of-sample in pricing option return anomalies and portfolios. We document that the SDF is dense...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015204018

Dynamic volunteer's dilemma with procrastinators

Shi, Yixuan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015375005

Social discounting and the cost of public funds : problems with current global practice

Spackman, Michael - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015190598

On the (ir)relevance of discount factors for future allocations of scarce resources

Bonnisseau, Jean-Marc; Chateauneuf, Alain; Drugeon, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015457893

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On the (ir)relevance of discount factors for future allocations of scarce resources

Bonnisseau, Jean-Marc; Chateauneuf, Alain; Drugeon, … - 2025

Book / Working Paper

Artificial intelligence asset pricing models

Kelly, Bryan T.; Kuznetsov, Boris; Malamud, Semyon; Xu, … - 2025 - This version: December 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015196776

Super-long discount rates for insurers in incomplete markets with bond supply control

Saito, Taiga; Takahashi, Akihiko - 2025 - This version : 17 March 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015359703

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Super-long discount rates for insurers in incomplete markets with bond supply control

Saito, Taiga; Takahashi, Akihiko - 2025 - Revised in July 2025

Edition: Revised in July 2025

Book / Working Paper

Bundling or discounting? : field experiments for healthy and unhealthy food

Bandi, Nymisha; Cohen, Maxime C.; Ray, Saibal - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015326216

Sea level rise and optimal flood protection under uncertainty

Prins, Taco; Ploeg, Frederick van der; Bremer, Ton S. … - 2025

We analyse optimal investment in one of the most important forms of climate adaptation: flood protection. Investments to build and heighten dykes and surge barriers involve considerable adjustment costs, so that their construction locks in the level of flood protection for some time. Investment...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015394368

Personalized discounts and consumer search

Liu, Zikun; Shin, Jiwoong; Zhou, Jidong - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015417488

Forward selection Fama-MacBeth regression with higher-order asset pricing factors

Borri, Nicola; Četverikov, Denis N.; Liu, Yukun; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015417540

Carbon rotation ages and the offset measurement conundrum : an extended review

Van Kooten, Gerrit C. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015417556

Estimating behavioral inattention

Benchimol, Jonathan; Bounader, Lahcen; Dotta, Mario - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015470617

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Estimating behavioral inattention

Benchimol, Jonathan; Bounader, Lahcen; Dotta, Mario - 2025

Book / Working Paper

Sophistication drives higher growth than navïeté in the Ak model with hyperbolic discounting : An exhaustive numerical exploration

Gómez, Manuel A. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015464630

Present bias, risk management and capital structure

Pape, Jan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015470239

The folk theorem with endogenous discounting and unobserved mixtures

Kochov, Asen; Song, Yangwei - 2025

We study infinitely repeated games in which the players’ rates of time preference may evolve endogenously in the course of the game. Our goal is to strengthen the folk theorem of Kochov and Song (2023) by relaxing the assumption of observable mixtures. To that end, we identify and impose a new...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015448074

Learning about discount rates

Dessaint, Olivier; Gondhi, Naveen; Peress, Joël - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015450075

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Learning about discount rates

Dessaint, Olivier; Gondhi, Naveen; Peress, Joël - 2025

Book / Working Paper

Indexical utility : another rationalization of exponential discounting

Spohn, Wolfgang - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015450283

A coalitional great fish war model with quasi-hyperbolic discounting

Alderborn, Joakim; Marín-Solano, Jesús - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015451278

Valuation and long-term growth expectations

Tengulov, Angel; Zechner, Josef; Zwiebel, Jeffrey - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015451391

Application of fuzzy discount factors in behavioural decision-making for financial market modelling

Siwek, Joanna; Żywica, Patryk - 2025

This paper presents an innovative approach to financial market modelling by integrating fuzzy discount factors into the decision-making process, thereby reflecting the complexities of human behaviour. Traditional financial models often fail to account for market dynamics' psychological factors....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015408213