Some empirical evidence on dynamic inconsistency

作者: Richard Thaler

DOI: 10.1016/0165-1765(81)90067-7

关键词: Empirical evidenceDiscounted utilityExponential discountingTime preferenceEconomicsHyperbolic discountingDiscount functionIntertemporal choiceEconometricsDynamic inconsistency

摘要: … that they had won some money in a lottery held by their bank. They could take the money now or wait until later. They were asked how much they would require to make waiting just as …

参考文章(10)
David M. Grether, Charles R. Plott, Economic Theory of Choice and the Preference Reversal Phenomenon The Construction of Preference. ,vol. 69, pp. 77- 94 ,(1979) , 10.1017/CBO9780511618031.006
Jerry A. Hausman, Individual Discount Rates and the Purchase and Utilization of Energy-Using Durables The Bell Journal of Economics. ,vol. 10, pp. 33- 54 ,(1979) , 10.2307/3003318
William A. Wagenaar, Sabato D. Sagaria, Misperception of exponential growth Attention Perception & Psychophysics. ,vol. 18, pp. 416- 422 ,(1975) , 10.3758/BF03204114
Richard Thaler, Toward a positive theory of consumer choice Journal of Economic Behavior and Organization. ,vol. 1, pp. 39- 60 ,(1980) , 10.1016/0167-2681(80)90051-7
David M. Grether, Bayes Rule as a Descriptive Model: The Representativeness Heuristic The Quarterly Journal of Economics. ,vol. 95, pp. 537- 557 ,(1980) , 10.2307/1885092
Eugen von Böhm-Bawerk, The positive theory of capital ,(2006)
R. H. Strotz, Myopia and Inconsistency in Dynamic Utility Maximization The Review of Economic Studies. ,vol. 23, pp. 165- 180 ,(1955) , 10.2307/2295722
Daniel Kahneman, Amos Tversky, PROSPECT THEORY: AN ANALYSIS OF DECISION UNDER RISK Econometrica. ,vol. 47, pp. 263- 291 ,(1979) , 10.1017/CBO9780511609220.014
Daniel Kahneman, Amos Tversky, Prospect Theory: An Analysis of Decision under Risk Econometrica. ,vol. 47, pp. 263- 291 ,(1979) , 10.2307/1914185
H. Shefrin, Richard Thaler, An Economic Theory of Self-Control Journal of Political Economy. ,vol. 89, pp. 392- 406 ,(1981) , 10.3386/W0208