| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062408 | Economics Letters | 2007 | 8 Pages |
Abstract
Hyperbolic discounting is not observationally equivalent to exponential discounting. It is always possible to calibrate an exponential model so that it predicts the same level of consumption as a hyperbolic model. However, the two models have radically different comparative statics.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Liutang Gong, William Smith, Heng-fu Zou,