过去和未来：向后和向前贴现

IF 3.9 2区经济学 Q1 ECONOMICS

Journal of the European Economic Association Pub Date : 2023-06-05 DOI:10.1093/jeea/jvad036

Debraj Ray, Nikhil Vellodi, Ruqu Wang

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引用次数: 0

摘要

我们研究了一个时间偏好模型，在这个模型中，当前消费和过去消费的记忆都进入了个人的“经验效用”——或者说幸福感。个体从自身的幸福和未来自我的预期幸福中获得整体效用。这些假设允许代理人预测当前决策中未来的遗憾，并根据经验证据产生一组新的可测试的含义。该模型可以应用于不同的现象，包括当前偏见、均衡储蓄行为、后悔预期和职业关注。

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Past and Future: Backward and Forward Discounting

We study a model of time preference in which both current consumption and the memory of past consumption enter “experienced utility”—or the felicity—of an individual. An individual derives overall utility from her own felicity and the anticipated felicities of future selves. These postulates permit an agent to anticipate future regret in current decisions, and generate a set of novel testable implications in line with empirical evidence. The model can be applied to disparate phenomena, including present bias, equilibrium savings behavior, anticipation of regret, and career concerns.

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来源期刊

Journal of the European Economic Association ECONOMICS-

CiteScore

7.80

自引率

2.80%

发文量

期刊介绍： Journal of the European Economic Association replaces the European Economic Review as the official journal of the association. JEEA publishes articles of the highest scientific quality and is an outlet for theoretical and empirical work with global relevance. The journal is committed to promoting the ambitions of the EEA: the development and application of economics as a science, as well as the communication and exchange between teachers, researchers and students in economics.