时间偏好
经济
贴现
跨期选择
偏爱
计量经济学
变化(天文学)
实证研究
微观经济学
数学
统计
财务
天体物理学
物理
作者
Shane Frederick,George Loewenstein,Ted O’Donoghue
出处
期刊:Journal of Economic Literature
[American Economic Association]
日期:2002-06-01
卷期号:40 (2): 351-401
被引量:2273
标识
DOI:10.1257/002205102320161311
摘要
This paper discusses the discounted utility (DU) model: its historical development, underlying assumptions, and anomalies - the empirical regularities that are inconsistent with its theoretical predictions. We then summarize the alternate theoretical formulations that have been advanced to address these anomalies. We also review three decades of empirical research on intertemporal choice, and discuss reasons for the spectacular variation in implicit discount rates across studies. Throughout the paper, we stress the importance of distinguishing time preference, per se, from many other considerations that also influence intertemporal choices.
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