公理
双曲线贴现
经济
对偶(语法数字)
数理经济学
贴现
脉冲(物理)
简单(哲学)
基础(拓扑)
认知
计量经济学
动态不一致
数学
心理学
物理
文学类
数学分析
哲学
艺术
量子力学
神经科学
财务
认识论
几何学
作者
Drew Fudenberg,David K. Levine
标识
DOI:10.1257/aer.96.5.1449
摘要
We propose that a simple "dual-self" model gives a unified explanation for several empirical regularities, including the apparent time inconsistency that has motivated models of quasi-hyperbolic discounting and Rabin’s paradox of risk aversion in the large and small. The model also implies that self-control costs imply excess delay, as in the O'Donoghue and Rabin models of quasi-hyperbolic utility, and it explains experimental evidence that increased cognitive load makes temptations harder to resist. The base version of our model is consistent with the Gul-Pesendorfer axioms, but we argue that these axioms must be relaxed to account for the effect of cognitive load.
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