Uncertainty under hyperbolic discounting: the cost of untying your hands

Uncertainty under hyperbolic discounting: the cost of untying your hands

Purpose - The relevance of present consumption bias on personal finance has been confirmed in several studies and has important theoretical and practical implications. It has important, measurable implications when analyzing commitment or self-control, adherence to healthy habits (e.g. exercising or...

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Bibliographic Details
Main Authors: Christian Diego Alcocer, Julián Ortegón, Alejandro Roa
Format: Article
Language:English
Published: Emerald Publishing 2019-11-01
Series:Journal of Economics Finance and Administrative Science
Subjects:
uncertainty
behavioural economics
bounded rationality
experimental economics
hyperbolic discounting
personal finances
present bias
renegotiation
Online Access:https://www.emerald.com/insight/content/doi/10.1108/JEFAS-06-2019-0090/full/pdf?title=uncertainty-under-hyperbolic-discounting-the-cost-of-untying-your-hands

Internet

https://www.emerald.com/insight/content/doi/10.1108/JEFAS-06-2019-0090/full/pdf?title=uncertainty-under-hyperbolic-discounting-the-cost-of-untying-your-hands

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