Please use this identifier to cite or link to this item:
|Title:||Memory and discounting : theory and evidence||Authors:||Bao, Te
DRNTU::Social sciences::Economic theory
|Issue Date:||2018||Source:||Bao, 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.2018.01.016||Series/Report no.:||Journal of Economic Dynamics and Control||Abstract:||Heterogeneous 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.||URI:||https://hdl.handle.net/10356/104720
|ISSN:||0165-1889||DOI:||10.1016/j.jedc.2018.01.016||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.||Fulltext Permission:||open||Fulltext Availability:||With Fulltext|
|Appears in Collections:||SSS Journal Articles|
Items in DR-NTU are protected by copyright, with all rights reserved, unless otherwise indicated.