Optimal parenting with present-biased children
This paper develops a game-theoretical model between an altruistic parent and a present-biased child in deciding on the amount of effort towards education. Our model posits that the degree of present bias leads to a divergence between the parent and child’s effort. Our results establish that a child...
| Principais autores: | , , |
|---|---|
| Outros Autores: | |
| Formato: | Final Year Project (FYP) |
| Idioma: | English |
| Publicado em: |
2017
|
| Assuntos: | |
| Acesso em linha: | http://hdl.handle.net/10356/69782 |