Decreasing Impatience

B-Tier
Journal: American Economic Journal: Microeconomics
Year: 2023
Volume: 15
Issue: 3
Pages: 527-51

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

We characterize decreasing impatience, a common behavioral phenomenon in intertemporal choice. Discount factors that display decreasing impatience are characterized through a convexity axiom for investments at fixed interest rates. Then we show that they are equivalent to a geometric average of generalized quasi-hyperbolic discount rates. Finally, they emerge through parimutuel preference aggregation of exponential discount factors.

Technical Details

RePEc Handle
repec:aea:aejmic:v:15:y:2023:i:3:p:527-51
Journal Field
General
Author Count
3
Added to Database
2026-01-25