English, Article, Journal or magazine article edition: Diminishing Impatience: Disentangling Time Preference from Uncertain Lifetime Halevy, Yoram

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/39806
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Diminishing Impatience: Disentangling Time Preference from Uncertain Lifetime
Author
  • Halevy, Yoram
Physical Description
  • preprint
Notes
  • A decision maker with time consistent preferences may exhibit diminishing impatience, when uncertain lifetime is accounted for. Uncertain lifetime captures not only the risk of mortality, but also the possibility that a promise for a delayed reward might be breached, or a postponed consumption might not be realized. The restrictions that time consistency imposes on additive intertemporal preferences are characterized. It is shown that if the hazard rate of mortality is diminishing, then a time consistent agent will exhibit diminishing impatience. A demographic model that allows for unobservable heterogeneity in frailty (risk of mortality) accommodates diminishing impatience, even in the presence of stationarity and time consistency.
  • Intertemporal substitution, time consistency, uncertain lifetime, exponential discounting, hyperbolic discounting, frailty, duration models, expectanc
  • RePEc:ubc:pmicro:halevy-04-10-29-09-59-47
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment