A new test of convexity–concavity of discount function
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DOI: 10.1007/s11238-020-09747-3
Abstract: Discounted utility theory and its generalizations (e.g., quasihyperbolic discounting, generalized hyperbolic discounting) use discount functions for weighting utilities of outcomes received in different time periods. We propose a new simple test of convexity–concavity of discount… read more here.
Keywords: convexity concavity; discount; discount function; test convexity ... See more keywords