Some empirical evidence on dynamic inconsistency

@article{Thaler1981SomeEE,
  title={Some empirical evidence on dynamic inconsistency},
  author={R. Thaler},
  journal={Economics Letters},
  year={1981},
  volume={8},
  pages={201-207}
}
  • R. Thaler
  • Published 1981
  • Economics
  • Economics Letters
Abstract Individual discount rates are estimated from survey evidence. For gains, they are found to vary inversely with the size of the reward and the length of time to be waited. Rates are found to be much smaller for losses that for gains. 
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