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Discounting by intervals: An inconsistent theory of intertemporal choice?

By Ali al-Nowaihi and Sanjit Dhami


We show that the theory developed in Scholten and Read (2006) "Discounting\ud by Intervals: A Generalized Model of Intertemporal Choice", Management Science,\ud 52, 1424-1436, is an inconsistent theory. We suggest a way the inconsistency can be\ud removed

Topics: Intertemporal choice, non-additive time discounting
Publisher: Dept. of Economics, University of Leicester
Year: 2008
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