Uncertainty and Hyperbolic Discounting

By Partha Dasgupta, Eric Maskin. 2005

298 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences, History and Philosophy of Science

View Paper: https://www.semanticscholar.org/paper/58f0f3d276ed0f7e5e863ea28ccf75a769b879d5

How researchers see this paper

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

In Economics and Econometrics

1. Drew Fudenberg
2. David K. Levine
3. Larry Samuelson
4. Arthur J. Robson
5. William Fedus
6. Carles Gelada
7. Yoshua Bengio
8. Marc G. Bellemare

In General Decision Sciences

1. Drew Fudenberg
2. David K. Levine
3. Larry Samuelson
4. Arthur J. Robson
5. Yoshua Bengio
6. Marc G. Bellemare
7. Julie D. Henry
8. Partha Dasgupta

In History and Philosophy of Science

1. Drew Fudenberg
2. David K. Levine
3. Larry Samuelson
4. Partha Dasgupta

Citations in the corpus

• Business sustainability: It is about time (2014, background): “Furthermore, research on hyperbolic discounting also shows that managers are discounting the future more today than they ever did, so that many investments that could create long-term value are being overlooked (Dasgupta and Maskin, 2005).”
• The Evolutionary Foundations of Preferences (2011, background): “The preferences emerging from the models of Sozou [133] and Dasgupta and Maskin [28] give rise to a delicate issue of interpretation.”
• Hyperbolic Discounting and Learning over Multiple Horizons (2019, background): “Dasgupta and Maskin (2005) proposes a softer interpretation than Sozou (1998) (which produces a per-time-step of death via the hazard rate) and demonstrates that uncertainty over the timing of rewards can also give rise to hyperbolic discounting and preference reversals, a hallmark of hyperbolic…”
• Discounting climate change (2008, background): “Then πj is also the subjective probability that ρj is the 32 Dasgupta and Maskin (2005) have offered an explanation for hyperbolic discounting (preference reversal, more generally), among starlings and pigeons, that is based on selection pressure over evolutionary time.”
• Timing and Self-Control (2012, methodology): “Some past work has used the device of random long-run player lifetimes to explain behavioral anomalies: Dasgupta and Maskin (2005) showed that uncertain long-run player lifetimes can lead to hyperbolic discounting.”
• Prospection and the Present Moment: The Role of Episodic Foresight in Intertemporal Choices between Immediate and Delayed Rewards (2016, background): “…decrease in subjective value as they move further away in time, a “delay discounting” effect sometimes modeled by an exponential curve, but probably more accurately by a hyperbolic function (Berns et al., 2007; Dasgupta & Maskin, 2005; Green & Myerson, 1996; Mazur, 1987; Shoji & Kanehiro, 2012).”
• Why the Poor Get Fat: Weight Gain and Economic Insecurity (2009, background): “See Sozou (1998), Dasgupta and Maskin (2005) , and Barnes and Smith (2009) for formal theories of self-control consistent with this discussion.”