A criticism of Doyle's survey of time preference: A correction regarding the CRDI and CADI families
Judgment and Decision Making , Volume 8 - Issue 5 p. 630- 631
Doyle's (2013) theoretical survey of discount functions criticizes two parametric families abbreviated as CRDI and CADI families. We show that Doyle's criticisms are based on a mathematical mistake and are incorrect.
|Constant relative decreasing impatience, Hyperbolic discounting, Intertemporal choice|
|Judgment and Decision Making|
|Organisation||Erasmus School of Economics|
Bleichrodt, H, Potter van Loon, R.J.D, Rohde, K.I.M, & Wakker, P.P. (2013). A criticism of Doyle's survey of time preference: A correction regarding the CRDI and CADI families. Judgment and Decision Making, 8(5), 630–631. Retrieved from http://hdl.handle.net/1765/82158