Artikel
Delay aversion
We address the following question: When can one person properly be said to be more delay averse than another? In reply, several (nested) comparison methods are developed. These methods yield a theory of delay aversion which parallels that of risk aversion. The applied strength of this theory is demonstrated in a variety of dynamic economic settings, including the classical optimal growth and tree cutting problems, repeated games, and bargaining. Both time-consistent and time-inconsistent scenarios are considered.
- Language
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Englisch
- Bibliographic citation
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Journal: Theoretical Economics ; ISSN: 1555-7561 ; Volume: 2 ; Year: 2007 ; Issue: 1 ; Pages: 71-113 ; New York, NY: The Econometric Society
- Classification
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Wirtschaft
Consumer Economics: Theory
Micro-Based Behavioral Economics: General‡
- Subject
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Delay aversion
impatience
consumption smoothing
time consistency
- Event
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Geistige Schöpfung
- (who)
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Ok, Efe A.
Benoît, Jean-Pierre
- Event
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Veröffentlichung
- (who)
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The Econometric Society
- (where)
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New York, NY
- (when)
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2007
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Ok, Efe A.
- Benoît, Jean-Pierre
- The Econometric Society
Time of origin
- 2007
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