Preprintgreen2008

Discounting by intervals: An inconsistent theory of intertemporal choice?

0 citations0/0 files storedRePEc: Research Papers in Economics

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Decision-Making and Behavioral Economics Financial Literacy, Pension, Retirement Analysis Experimental Behavioral Economics Studies

Abstract

We show that the theory developed in Scholten and Read (2006) "Discounting\nby Intervals: A Generalized Model of Intertemporal Choice", Management Science,\n52, 1424-1436, is an inconsistent theory. We suggest a way the inconsistency can be\nremoved.

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1992Anomalies in Intertemporal Choice: Evidence and an Interpretation 1987An adjusting procedure for studying delayed reinforcement.2001Is Time-Discounting Hyperbolic or Subadditive?2006Discounting by Intervals: A Generalized Model of Intertemporal Choice

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