Search results for "Discount function"

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Hyperbolic discount curves: a reply to Ainslie

2013

Published version of an article in the journal: Theory and Decision. Also available from the publisher at: http://dx.doi.org/10.1007/s11238-013-9361-8 Ainslie (Theory and Decision, 73, 3-34, 2012) challenges our interpretation of the properties of hyperbolic discount curves in an iterated prisoners' dilemma (IPD) model. In this reply, we discuss the emergence of hyperbolic discount functions in the behavioral economics literature and evaluate their properties. Furthermore, we present a summarized version of our IPD model and evaluate Ainslie's points of contention.

VDP::Social science: 200::Economics: 210General Social SciencesGeneral Decision SciencesComputer Science ApplicationshyperbolicArts and Humanities (miscellaneous)discount functioniterated prisoners' dilemmaDevelopmental and Educational PsychologyEconomicsDiscount functionGeneral Economics Econometrics and FinanceMathematical economicsApplied Psychology

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