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PB-prefs - Intro DU model Beta-Delta Model Self-Awareness...

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Unformatted text preview: Intro DU model Beta-Delta Model Self-Awareness Present-Biased Preferences January 20, 2011 Intro DU model Beta-Delta Model Self-Awareness Today Ryan and Mads on cab drivers Intertemporal choice: background Discounted utility anomalies & present bias Quasi-hyperbolic discounting: , model Example Self-awareness: Sophistication vs. Naivete Intro DU model Beta-Delta Model Self-Awareness Next time(s) More examples Welfare Some applications Intro DU model Beta-Delta Model Self-Awareness Intertemporal Choice: Background Early perspective: Rae: wealth differences across nations can be traced to the effective desire of accumulation, a psychological factor Joint determinants of desire for wealth accumulation: Bequest motive Self-restraint Intro DU model Beta-Delta Model Self-Awareness Intertemporal Choice: Background Early perspective: Rae: wealth differences across nations can be traced to the effective desire of accumulation, a psychological factor Joint determinants of desire for wealth accumulation: Bequest motive promotes Self-restraint promotes Intro DU model Beta-Delta Model Self-Awareness Intertemporal Choice: Background Early perspective: Rae: wealth differences across nations can be traced to the effective desire of accumulation, a psychological factor Joint determinants of desire for wealth accumulation: Bequest motive promotes Self-restraint promotes Uncertainty of human life excitement/passion of immediate consumption, discomfort of delayed gratification Intro DU model Beta-Delta Model Self-Awareness Intertemporal Choice: Background Early perspective: Rae: wealth differences across nations can be traced to the effective desire of accumulation, a psychological factor Joint determinants of desire for wealth accumulation: Bequest motive promotes Self-restraint promotes Uncertainty of human life limits excitement/passion of immediate consumption, discomfort of delayed gratification limits Intro DU model Beta-Delta Model Self-Awareness Intertemporal Choice: Background Early perspective: Rae: wealth differences across nations can be traced to the effective desire of accumulation, a psychological factor Joint determinants of desire for wealth accumulation: Bequest motive promotes Self-restraint promotes Uncertainty of human life limits excitement/passion of immediate consumption, discomfort of delayed gratification limits Time preference is an amalgamation of motives Intro DU model Beta-Delta Model Self-Awareness...
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PB-prefs - Intro DU model Beta-Delta Model Self-Awareness...

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