Consumption and risk with hyperbolic discounting

DOI10.1016/j.econlet.2006.12.023zbMath1255.91217OpenAlexW2109743952MaRDI QIDQ1934107

Yanyan Li

Publication date: 28 January 2013

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: http://down.aefweb.net/WorkingPapers/w491.pdf

zbMATH Keywords

uncertaintyconsumptionhyperbolic discounting

Mathematics Subject Classification ID

Stochastic models in economics (91B70) Economic growth models (91B62) Consumer behavior, demand theory (91B42)

Related Items (6)

An optimal consumption and investment problem with stochastic hyperbolic discounting ⋮ Exponential discounting bias ⋮ Consumption and portfolio decisions with uncertain lifetimes ⋮ Finite horizon consumption and portfolio decisions with stochastic hyperbolic discounting ⋮ On uniqueness of time-consistent Markov policies for quasi-hyperbolic consumers under uncertainty ⋮ Time consistent Markov policies in dynamic economies with quasi-hyperbolic consumers

Cites Work

• Optimum consumption and portfolio rules in a continuous-time model
• Golden Eggs and Hyperbolic Discounting
• Dynamic Choices of Hyperbolic Consumers
• Temptation and Self-Control
• Ramsey Meets Laibson in the Neoclassical Growth Model

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