Intermittent Discounting
Mardi | 2017-05-02 Salle des thèses de 16h00 à 17h20 A multi-period setting is studied in which a consumer incurs intermittent waiting costs until the consumption date. The way future utility is discounted satisfies (i) a preference for early consumption, but only during waiting periods when future consumption is reminded, and (ii) indifference between early and late consumption in non-reminding periods in which people are distracted away from future gratifications. With some additional hypotheses including exponential discounting of waiting costs, […]