Self-Control and loss Aversion in lntertemporal Choice

Abstract

ABSZXACT: The life-cycle theory of saving behavior (Modigliani, 1988) suggests that humans strive towards an equal intertemporal distribution of wealth. However, behavioral life-cycle theory (Shefrin & Thaler, 1988) proposes that people use selfcontrol heuristics to postpone wealth until later in life. According to this theory, people use a system of… (More)

Topics

1 Figure or Table

Cite this paper

@inproceedings{Selart2001SelfControlAL, title={Self-Control and loss Aversion in lntertemporal Choice}, author={Marcus Selart and Niklas Karlsson and TOMMY G“RLINC}, year={2001} }