Skip to Main content Skip to Navigation
Preprints, Working Papers, ...

Intermittent Discounting

Abstract : A novel theory of time discounting is proposed in which future consumption is less valuable than present consumption because of waiting costs. Waiting is intermittent as individuals' attention is periodically distracted away from future gratifications. The more individuals expect to pay attention to the reward, the more they are impatient. The model revisits the fundamental link between short and long-term impatience and solves two behavioral anomalies: impatience over short durations and sub-additive discounting.
Document type :
Preprints, Working Papers, ...
Complete list of metadatas

Cited literature [53 references]  Display  Hide  Download

https://hal.archives-ouvertes.fr/hal-02167093
Contributor : Alexis Direr <>
Submitted on : Sunday, July 19, 2020 - 9:04:14 PM
Last modification on : Tuesday, July 21, 2020 - 5:17:32 AM

File

intermittent_9.pdf
Files produced by the author(s)

Identifiers

  • HAL Id : hal-02167093, version 3

Collections

Citation

Alexis Direr. Intermittent Discounting. 2020. ⟨hal-02167093v3⟩

Share

Metrics

Record views

9

Files downloads

12