Intertemporal Behavior

Masao Ogaki and Saori C. Tanaka ()
Additional contact information
Saori C. Tanaka: ATR Brain Information Communication Research Laboratory Group

Chapter Chapter 6 in Behavioral Economics, 2017, pp 85-103 from Springer

Abstract: Abstract This chapter explains economic models of intertemporal behavior. We first show the exponential time-discounting modelTime-discounting model in traditional economics and its limitations. Then we introduce the hyperbolic time discounting model in behavioral economics. The hyperbolic discountingHyperbolic discounting model can explain why some people tend to procrastinate on doing unpleasant tasks such as saving instead of consuming, doing homework, or quitting smoking.

Keywords: Exponential discounting; Hyperbolic discounting; Quasi-hyperbolic discounting; Dynamic inconsistency (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:sptchp:978-981-10-6439-5_6

Ordering information: This item can be ordered from
http://www.springer.com/9789811064395

DOI: 10.1007/978-981-10-6439-5_6

Access Statistics for this chapter

More chapters in Springer Texts in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().