Articles with "value patience" as a keyword



Photo from wikipedia

Value and patience: The value premium in a dividend-growth model with hyperbolic discounting

Sign Up to like & get
recommendations!
Published in 2020 at "Journal of Economic Behavior and Organization"

DOI: 10.1016/j.jebo.2020.01.028

Abstract: Abstract We show that in a consumption-based asset-pricing model with hyperbolic discounting - leading to dynamically inconsistent time preferences - the value premium increases nonlinearly with the degree of discounting and thus affects the cross… read more here.

Keywords: patience value; value; hyperbolic discounting; value patience ... See more keywords