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- Author: Ilir Hajdini
- Publisher: GRIN Verlag
- Year: 2012
- Pages: 20
- ISBN-10: 3656290210
- ISBN-13: 9783656290216
- Format: 17.8 x 25.4 x 0.1 cm, softcover
- Language: English
- SAVE -10% with code: EXTRA
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Description
Research Paper (postgraduate) from the year 2012 in the subject Business economics - Business Management, Corporate Governance, grade: 2, University of Vienna, language: English, abstract: This research paper will survey models and experiments for decisions involving outcomes of different amounts at different points of time. Experiments have shown that people like to get rewards earlier than later in time. This is what the concept of Intertemporal choice implies. Thus, this paper will consider theoretical concepts including discounted utility, hyperbolic and quasy-hyperbolic models as well as empirical results indicating how people really make such decisions.
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- Author: Ilir Hajdini
- Publisher: GRIN Verlag
- Year: 2012
- Pages: 20
- ISBN-10: 3656290210
- ISBN-13: 9783656290216
- Format: 17.8 x 25.4 x 0.1 cm, softcover
- Language: English English
Research Paper (postgraduate) from the year 2012 in the subject Business economics - Business Management, Corporate Governance, grade: 2, University of Vienna, language: English, abstract: This research paper will survey models and experiments for decisions involving outcomes of different amounts at different points of time. Experiments have shown that people like to get rewards earlier than later in time. This is what the concept of Intertemporal choice implies. Thus, this paper will consider theoretical concepts including discounted utility, hyperbolic and quasy-hyperbolic models as well as empirical results indicating how people really make such decisions.
Reviews