Weighted discounting: on group diversity, time-inconsistency, and consequences for investment
This paper presents the class of weighted discount functions, which contains the discount functions commonly used in economics and finance. Weighted discount functions may describe the discounting behavior of groups, uncertainty about what discount rate to use, present-biased time preferences, and a...
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| Main Authors: | , , |
|---|---|
| Format: | Article (Journal) |
| Language: | English |
| Published: |
2020
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| In: |
Journal of economic theory
Year: 2020, Volume: 189, Pages: 1-40 |
| DOI: | 10.1016/j.jet.2020.105089 |
| Online Access: | Verlag, lizenzpflichtig, Volltext: https://doi.org/10.1016/j.jet.2020.105089 Verlag, lizenzpflichtig, Volltext: https://www.sciencedirect.com/science/article/pii/S0022053118305295 
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| Author Notes: | Sebastian Ebert, Wei Wei, Xun Yu Zhou |
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