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Author: | Rubinstein, A. |
Title: | "Economics and psychology"? The case of hyperbolic discounting |
Journal: | International Economic Review
2003 : NOV, VOL. 44:4, p. 1207-1216 |
Index terms: | Economics Psychology |
Freeterms: | Discount |
Language: | eng |
Abstract: | The methodology of "economics and psychology" in its focus on the case of hyperbolic discounting is questioned in this article. The author uses some experimental results to argue that same type of evidence, which rejects the standard constant discount utility functions, can just as easily reject hyperbolic discounting as well. |
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