Hyperbolic Discounting on the Behavior of Economic Agents with Different Cognitive Functions
Introduction the Discounted-Utility (DU) framework is widely used to model intertemporal choice, in economics and other fields (including behavioral ecology in biology). The DU model assumes that decision makers make current choices which maximize the discounted sum of instantaneous utilities in fut...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Mykolayiv National Agrarian University
2019-11-01
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| Series: | Modern Economics |
| Subjects: | |
| Online Access: | https://modecon.mnau.edu.ua/issue/17-2019/mazhara.pdf |