A NEW ARGUMENT IN FAVOR OF HYPERBOLIC DISCOUNTING IN VERY LONG TERM PROJECT APPRAISAL

DOI10.1142/S0219024914500496zbMath1315.91075MaRDI QIDQ2939920

Salvador Cruz Rambaud

Publication date: 23 January 2015

Published in: International Journal of Theoretical and Applied Finance (Search for Journal in Brave)

zbMATH Keywords

regular variationhyperbolic discountingdiscount functioninstantaneous discount ratelong and heavy tailedness

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Reliability, availability, maintenance, inspection in operations research (90B25) Financial applications of other theories (91G80) Environmental economics (natural resource models, harvesting, pollution, etc.) (91B76) Applications of renewal theory (reliability, demand theory, etc.) (60K10)

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