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Discounting by intervals: An inconsistent theory of intertemporal choice?
report
posted on 2010-02-05, 15:36 authored by Ali al-Nowaihi, Sanjit DhamiWe show that the theory developed in Scholten and Read (2006) "Discounting
by Intervals: A Generalized Model of Intertemporal Choice", Management Science,
52, 1424-1436, is an inconsistent theory. We suggest a way the inconsistency can be
removed.