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Discounting by intervals: An inconsistent theory of intertemporal choice?

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posted on 2010-02-05, 15:36 authored by Ali al-Nowaihi, Sanjit Dhami
We 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.

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Publisher

Dept. of Economics, University of Leicester

Available date

2010-02-05

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http://www.le.ac.uk/economics/research/discussion/papers2008.html

Book series

Papers in Economics;08/10

Language

en

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    Keywords

    Intertemporal choicenon-additive time discounting

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