Things tagged 'Hyperbolic discounting'
This paper reviews some recent research in “behavioural economics” with an application to environmental issues. Empirical results from behavioural economics [...]
SHORT-TERM thinking is a criticism often levelled at corporations and banks by anti-capitalist protesters, and they may well be right. A lack of concern for the future is built mathematically into economic theory, and this carries through to the behaviour of companies and governments. But a different way of putting a financial value on the […]