Be Patient When Measuring Hyperbolic Discounting: Stationarity, Time Consistency and Time Invariance in a Field Experiment
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DOI: 10.1016/j.jdeveco.2016.12.011
Abstract: Hyperbolic discounting is one potential reason why savings remain low among the poor. Most evidence of hyperbolic discounting is based on violations of either stationarity or time consistency. Stationarity is violated when intertemporal choices differ… read more here.
Keywords: time consistency; stationarity time; time; hyperbolic discounting ... See more keywords
Forecasting an explosive time series
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DOI: 10.1285/i20705948v12n3p674
Abstract: Forecasting is an important exercise in Time series analysis. For a statio-nary time series, there are theoretically strong forecasting methods which canprovide most accurate forecasts for the future (Karlin and Taylor (1975)).For most non stationary… read more here.
Keywords: methodology; time series; forecasting explosive; stationarity time ... See more keywords