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   Articles with "quasi hyperbolic" as a keyword



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Markov decision processes with quasi-hyperbolic discounting

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recommendations! Published in 2020 at "Finance and Stochastics"

DOI: 10.1007/s00780-020-00443-2

Abstract: We study Markov decision processes with Borel state spaces under quasi-hyperbolic discounting. This type of discounting nicely models human behaviour, which is time-inconsistent in the long run. The decision maker has preferences changing in time.… read more here.

Keywords: decision; markov decision; decision processes; hyperbolic discounting ... See more keywords