Memory and discounting: Theory and evidence

Bao Te; Dai Yun; Yu Xiaohua

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Memory and discounting: Theory and evidence

机译：记忆与折扣：理论与证据

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摘要

Heterogeneous memory capacity is largely neglected in the economics literature, although it may have profound economic implications. Adopting the concept of "memory utility" proposed by Gilboa, Postlewaite, and Samuelson (2016), we explore the relationship between memory capacity and individual discounting behavior by building a simple two period model and comparing its predictions with experimental data. Both theoretical and experimental evidence confirm that memory capacity and discount rates are positively correlated. (C) 2018 Elsevier B.V. All rights reserved.

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《Journal of Economic Dynamics and Control》 |2018年第3期|21-30|共10页
作者
Bao Te; Dai Yun; Yu Xiaohua;
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作者单位

Nanyang Technol Univ, Sch Social Sci, Div Econ, Singapore, Singapore;

Sun Yat Sen Univ, Lingnan Coll, Guangzhou, Guangdong, Peoples R China;

Georg August Univ Gottingen, Courant Res Ctr Poverty Equ & Growth, Gottingen, Germany;

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正文语种 eng
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关键词
Memory utility; Intertemporal consumption; Individual discount rates; Time preference;

机译：记忆效用;跨时消费;个人折扣率;时间偏好;

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Memory and discounting: Theory and evidence

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