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1. • John Rae

     • Intertemporal choice was introduced by John Rae in 1834 in the "Sociological Theory of Capital". Later, Eugen von Böhm-Bawerk in 1889 and Irving Fisher in 1930 elaborated on the model.
     en.wikipedia.org › wiki › Intertemporal_choice

     Intertemporal choice - Wikipedia

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   What is an intertemporal choice model?

   • The very first formalization of an intertemporal choice model is due to Ramsey and Samuel-son . The model features time-separable utility flows exponentially discounted and included the so called exponential discount function, where the discount rate is constant and independent of the time-frame.

   Understanding the Intertemporal Choice: A Methodological Review - Sp…

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   Why do we review formal models of intertemporal choice?

   • We begin (Section 2) by examining formal models of intertemporal choice, because models provide a lens with which to examine empirical evidence and help identify new questions to explore. Most models we review share the unifying feature of giving some special priority to the present.

   Intertemporal Choice - Scholars at Harvard

   scholar.harvard.edu/files/laibson/files/intertemporal_choice_handbook_vol_2_ericson_laibson.pdf

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   What are intertemporal choices?

   • Decisions with consequences in multiple time periods are referred to as intertemporal choices. Decisions about savings, work effort, education, nutrition, exercise, and health care are all intertemporal choices. The theory of discounted utility is the most widely used framework for analysing intertemporal choices.

   P000365 intertemporal choice - Scholars at Harvard

   scholar.harvard.edu/files/laibson/files/intertemporal_choice.pdf

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   Are new models of intertemporal choice more realistic than du models?

   • Although the new models of intertemporal choice are more realistic than the DU model they are intended to replace, the increased realism has come at the expense of simplicity. Researchers face a familiar conflict between parsimony and realism.

   Intertemporal Choice - Toward an Integrative Framework - Harvard U…

   dash.harvard.edu/bitstream/handle/1/4554332/Laibson_IntertemporalChoice.pdf?mod=article_inline

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3. scholar.harvard.edu › files › laibsonIntertemporal Choice - Scholars at Harvard

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   For much of the twentieth century, the working model of intertemporal choice was the (exponential) discounted utility model developed by Ramsey (1928) and Samuelson (1937), which features time-separable utility flows that are exponentially discounted: i.e., utility flows

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4. dash.harvard.edu › bitstream › handleIntertemporal Choice - Toward an Integrative Framework

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   24 terms of dates – for example, x today or y on a particular 84. 25 date – than when expressed in terms of a delay interval – 85. 26 for example, x today or y after a wait of z days (where the 86. 27 interval in the two choices is equal) [87]. 87. 28 Given the complexities of many decisions, people often 88.

5. en.wikipedia.org › wiki › Intertemporal_choiceIntertemporal choice - Wikipedia

   en.wikipedia.org › wiki › Intertemporal_choice

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   Intertemporal choice is the study of the relative value people assign to two or more payoffs at different points in time. This relationship is usually simplified to today and some future date. Intertemporal choice was introduced by John Rae in 1834 in the "Sociological Theory of Capital".

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7. link.springer.com › content › pdfUnderstanding the Intertemporal Choice: A Methodological Review

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   The very first formalization of an intertemporal choice model is due to Ramsey [1] and Samuel-son [2]. The model features time-separable utility flows exponentially discounted and included the so called exponential discount function, where the discount rate is constant and independent of the time-frame.

8. link.springer.com › chapter › 10Understanding the Intertemporal Choice: A Methodological ...

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   Aug 17, 2021 · The very first formalization of an intertemporal choice model is due to Ramsey and Samuelson . The model features time-separable utility flows exponentially discounted and included the so called exponential discount function, where the discount rate is constant and independent of the time-frame.

   • Author: Marco Lafratta
   • Email: marco.lafratta@studenti.unich.it

   • Publish Year: 2020

9. www.cambridge.org › core › booksIntertemporal Choice (Chapter 5) - The Cambridge Handbook of ...

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   Intertemporal Choice: Toward an Integrative Framework. Trends in Cognitive Sciences, 11 ( 11 ), 482 – 488. CrossRef Google Scholar PubMed. Bickel, W. K. and Marsch, L. A. ( 2001 ). Toward a Behavioral Economic Understanding of Drug Dependence: Delay Discounting Processes.