Hyperbolic Discounting and Its Consequences: Empirical Analysis on the Base of Surveys

• Published in: Економічний вісник Донбасу
• Date: 2019
• Main Authors: Vladimirova, М., Rozmainsky, I.
• Format: Article
• Language: English
• Published: Інститут економіки промисловості НАН України 2019
• Subjects: Economic Theory and History
• Online Access: https://nasplib.isofts.kiev.ua/handle/123456789/169014
• Journal Title: Digital Library of Periodicals of National Academy of Sciences of Ukraine
• Cite this: Hyperbolic Discounting and Its Consequences: Empirical Analysis on the Base of Surveys / M. Vladimirova, I. Rozmainsky // Економічний вісник Донбасу. — 2019. — № 4 (58). — С. 5-19. — Бібліогр.: 33 назв. — англ.

During this cross-cultural research regarding time preferences the credibility of hyperbolic discounting model is examined. This paper is based on the comparison between the exponential discounting model and hyperbolic model and proposal of different modifications to the existing concepts. Different...