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

Han Bleichrodt, Rogier J. D. Potter van Loon, Kirsten I. M. Rohde and Peter Wakker

Judgment and Decision Making, 2013, vol. 8, issue 5, 630-631

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.

Date: 2013
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