Hyperbolic Discounting II created 2011.03.02 (1)

Hyperbolic Discounting II created 2011.03.02 (1) - Time...

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Time Consistent with  δ =1,  β =1
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Naïve Hyperbolic Discounter with  δ =1,  β =1/2 r r r r r r r h h h h h h h 0 0 -5 -5 -25 -25 -23 -23 0 0 10 14 -25 -8
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Sophisticated Hyperbolic Discounter with 
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This note was uploaded on 04/15/2011 for the course ECON 73-348 taught by Professor Hafalir during the Spring '11 term at Carnegie Mellon.

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Hyperbolic Discounting II created 2011.03.02 (1) - Time...

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