Endogenous Time Preferences in Social Networks

Marianna A. Klochko and Peter C. Ordeshook

in Books from Edward Elgar Publishing

Abstract: Marianna Klochko and Peter Ordeshook address an under-studied issue from rational choice theory – the common assumption that individual time preferences are exogenous and fixed. They then present empirical evidence to suggest that this is not the case, exploring a computer simulation model that allows for the evolutionary change of time preferences. This is done, moreover, in the context of social networks that are themselves endogenously determined.

Keywords: Economics and Finance; Politics and Public Policy (search for similar items in EconPapers)
JEL-codes: H0 (search for similar items in EconPapers)
Date: 2005
ISBN: 9781845425982
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