| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 977527 | Physica A: Statistical Mechanics and its Applications | 2006 | 4 Pages |
Abstract
This paper shows that the q-exponential function well known in the deformed algebra inspired in the Tsallis's nonextensive thermodynamics may be used to model discount functions in intertemporal choices which present the phenomenon known as increasing patience. Moreover, we show that this insight may also be used to provide a measure of the degree of dynamic inconsistency presented in such decisions.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Mathematical Physics
Authors
Daniel O. Cajueiro,