Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/104720
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dc.contributor.authorBao, Teen
dc.contributor.authorDai, Yunen
dc.contributor.authorYu, Xiaohuaen
dc.date.accessioned2019-06-07T08:19:53Zen
dc.date.accessioned2019-12-06T21:38:14Z-
dc.date.available2019-06-07T08:19:53Zen
dc.date.available2019-12-06T21:38:14Z-
dc.date.issued2018en
dc.identifier.citationBao, T., Dai, Y., & Yu, X. (2018). Memory and discounting : theory and evidence. Journal of Economic Dynamics and Control, 88, 21-30. doi:10.1016/j.jedc.2018.01.016en
dc.identifier.issn0165-1889en
dc.identifier.urihttps://hdl.handle.net/10356/104720-
dc.description.abstractHeterogeneous memory capacity is largely neglected in the economics literature, although it may have profound economic implications. Adopting the concept of “memory utility” proposed by Gilboa, Postlewaite, and Samuelson (2016), we explore the relationship between memory capacity and individual discounting behavior by building a simple two-period model and comparing its predictions with experimental data. Both theoretical and experimental evidence confirm that memory capacity and discount rates are positively correlated.en
dc.description.sponsorshipMOE (Min. of Education, S’pore)en
dc.format.extent23 p.en
dc.language.isoenen
dc.relation.ispartofseriesJournal of Economic Dynamics and Controlen
dc.rights© 2018 Elsevier B.V. All rights reserved. This paper was published in Journal of Economic Dynamics and Control and is made available with permission of Elsevier B.V.en
dc.subjectIntertemporal Consumptionen
dc.subjectMemory Utilityen
dc.subjectDRNTU::Social sciences::Economic theoryen
dc.titleMemory and discounting : theory and evidenceen
dc.typeJournal Articleen
dc.contributor.schoolSchool of Social Sciencesen
dc.identifier.doi10.1016/j.jedc.2018.01.016en
dc.description.versionAccepted versionen
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