Decreasing Impatience

Christopher Chambers, Federico Echenique and Alan Miller

Papers from arXiv.org

Abstract: We characterize decreasing impatience, a common behavioral phenomenon in intertemporal choice. Discount factors that display decreasing impatience are characterized through a convexit y axiom for investments at fixed interest rates. Then we show that they are equivalent to a geometric average of generalized quasi-hype rbolic discount rates. Finally, they emerge through parimutuel preference aggregation of exponential discount factors.

Date: 2021-03, Revised 2022-08
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http://arxiv.org/pdf/2103.03290 Latest version (application/pdf)

Related works:
Journal Article: Decreasing Impatience (2023)
Working Paper: Decreasing Impatience (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2103.03290

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