Articlegold2013

A Criticism of Doyle’s survey of time preference: A correction regarding the CRDI and CADI families

Han Bleichrodt A · R.J.D. Potter van Loon · Kirsten I. M. Rohde · Peter P. Wakker

1 citations0/0 files storedJudgment and Decision Making

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Decision-Making and Behavioral Economics Financial Literacy, Pension, Retirement Analysis Economic and Environmental Valuation

Abstract

Abstract Doyle’s (2013) theoretical survey of discount functions criticizes two parametric families abbreviated as CRDI and CADI families. We show that Doyle’s criticisms are based on a mathematical mistake and are incorrect.

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2008Explaining the characteristics of the power (CRRA) utility family 2013Survey of time preference, delay discounting models 2008Non-hyperbolic time inconsistency

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