The intertemporal choice behavior: the role of emotions in a multiagent decision problem

Viviana Ventre


Traditional Discounted Utility Model assumes an exponential delay discount function, with a constant discount rate: this implies dynamic consistency and stationary intertemporal preferences. Contrary to the normative setting, decision neuroscience stresses a lack of rationality, i.e., inconsistency, in some intertemporal choice behaviors. We deal with both models are dealt with in the framework of some relevant decision problems.


time preference, exponential discounting, hyperbolic discounting.

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