English, Article, Journal or magazine article edition: Strotz meets Allais: Diminishing Impatience and the Certainty Effect Halevy, Yoram

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/39918
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Strotz meets Allais: Diminishing Impatience and the Certainty Effect
Author
  • Halevy, Yoram
Physical Description
  • preprint
Notes
  • Decision makers tend to exhibit a higher degree of impatience when considering a delay to an immediate reward than when contemplating an identical delay to an equal future reward. This work argues that diminishing impatience originates from the distinction between the certain present and the risky future. A simple functional representation of preferences, which exhibits time inconsistency when the future is uncertain, is derived. Existing experimental evidence, which is inconsistent with other formulations that account for diminishing impatience, supports the proposed approach. Furthermore, the new theory uncovers a tight relation between diminishing impatience and well-known behavioral regularities in the field of choice under risk and uncertainty
  • Intertemporal Substitution, Non-Expected Utility, The Dual Theory, Certainty Effect, Time Consistency, Uncertain Lifetime, Exponential Discounting, Hy
  • RePEc:ubc:pmicro:halevy-04-10-29-10-08-43
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