Subjective Discounting in an Exchange Economy

By Erzo G. J. Luttmer, Thomas Mariotti. Journal of Political Economy, 2003

125 citations recorded by the source corpus.

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

On time-inconsistent stochastic control in continuous time (2017, unknown): “In [1] and [17], the authors study continuous-time equilibrium models of a particular type of time-inconsistency, namely non-exponential discounting.”
Investor Psychology and Asset Pricing (2001, unknown): “This does not jibe well with the equity premium puzzle of Mehra and Prescott (1985). There are other means by which imperfectly rational individuals can earn high expected returns.”
The hyperbolic factor: A measure of time inconsistency (2010, methodology): “These models have been used in many fields (Akerlof 2002; Harris and Laibson 2001; Krusell and Smith 2003; Laibson 1997; Luttmer and Mariotti 2003; O’Donoghue and Rabin 1999; Rubinstein 2003, 2006; Thaler and Benartzi 2004).”
Exotic Preferences for Macroeconomists (2004, methodology): “[Adapted from Harris and Laibson (2003), Krusell, Kuruşçu, and Smith (2002), and Luttmer and Mariotti (2003).]”