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Estimating Discount Factors within a Random Utility Framework

By Andrew Meyer


Every day we make decisions involving tradeo¤s of bene…ts and costs over time. Would I rather spread my workload evenly over the next few days and distribute the pain or procrastinate and have an extremely painful task several days from now? Should I exercise regularly while I’m younger so that I can enjoy the health bene…t

Topics: discounting, random utility, intertemporal choice, environment
Year: 2014
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