Discounting by intervals: An inconsistent theory of intertemporal choice?

Ali al-Nowaihi () and Sanjit Dhami

No 08/10, Discussion Papers in Economics from Division of Economics, School of Business, University of Leicester

Abstract: We show that the theory developed in Scholten and Read (2006) “Discounting by Intervals: A Generalized Model of Intertemporal Choice”, Management Science, 52, 1424-1436, is an inconsistent theory. We suggest a way the inconsistency can be removed.

Keywords: Intertemporal choice; non-additive time discounting (search for similar items in EconPapers)
JEL-codes: C60 D91 (search for similar items in EconPapers)
Date: 2008-04
New Economics Papers: this item is included in nep-dcm
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