Golden Eggs and Hyperbolic Discounting
- 1 May 1997
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 112 (2) , 443-478
- https://doi.org/10.1162/003355397555253
Abstract
Hyperbolic discount functions induce dynamically inconsistent preferences, implying a motive for consumers to constrain their own future choices. ThiKeywords
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