Non-hyperbolic discounting and dynamic preference reversal
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DOI: 10.1007/s11238-018-09683-3
Abstract: In this paper, we present a time-varying and non-stationary but non-hyperbolic discount function that explains dynamic preference reversal. The new discount function emerges from an analysis of intertemporal consumption and savings choices with mortality risk… read more here.
Keywords: dynamic preference; non hyperbolic; preference reversal; hyperbolic discounting ... See more keywords