AMBIENTUM BIOETHICA BIOLOGIA CHEMIA DIGITALIA DRAMATICA EDUCATIO ARTIS GYMNAST. ENGINEERING EPHEMERIDES EUROPAEA GEOGRAPHIA GEOLOGIA HISTORIA HISTORIA ARTIUM INFORMATICA IURISPRUDENTIA MATHEMATICA MUSICA NEGOTIA OECONOMICA PHILOLOGIA PHILOSOPHIA PHYSICA POLITICA PSYCHOLOGIA-PAEDAGOGIA SOCIOLOGIA THEOLOGIA CATHOLICA THEOLOGIA CATHOLICA LATIN THEOLOGIA GR.-CATH. VARAD THEOLOGIA ORTHODOXA THEOLOGIA REF. TRANSYLVAN
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Autori: FLORENTIN BOTA.
DOI: 10.24193/subbi.2021.1.06
Published Online: 2021-06-30
Published Print: 2021-06-30
pp. 86-103
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Individuals frequently place a higher value on money and goods today than they would in the future. This is known as temporal or time discounting, and most economic models include discount functions to represent such utility over time. In this paper, we evaluated traditional models with experimental data from the scientific literature and constructed our own samples for comparison. In addition, we evaluated the prediction accuracy of the models and proposed new hybrid solutions. Our investigation aims to contribute to a better understanding of human nature in complex processes.
Keywords and phrases: economics, temporal discounting, intertemporal decisions.
2010 Mathematics Subject Classification: 68Q19, 91B44.
1998 CR Categories and Descriptors. J.4 [Computer Applications]: Social and Behavioral Sciences – Economics; I.6.4 [Computing Methodologies]: Simulation and Modeling – Model Validation and Analysis.
