Some Common Confusions about Hyperbolic Discounting

Eric Rasmusen ()

No 2008-11, Working Papers from Indiana University, Kelley School of Business, Department of Business Economics and Public Policy

Abstract: There is much confusion over what "hyperbolic discounting" means. I argue that what matters is the use of relativistic instead of objective time, not the shape of the discount function.

Keywords: time inconsistency; hyperbolic discounting (search for similar items in EconPapers)
Date: 2008-03
New Economics Papers: this item is included in nep-cbe
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://kelley.iu.edu/riharbau/RePEc/iuk/wpaper/bepp2008-11-rasmusen.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iuk:wpaper:2008-11

Access Statistics for this paper

More papers in Working Papers from Indiana University, Kelley School of Business, Department of Business Economics and Public Policy Contact information at EDIRC.
Bibliographic data for series maintained by Rick Harbaugh ().