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Valuing future life and future lives: A framework for understanding discounting

โœ Scribed by Shane Frederick


Book ID
108187440
Publisher
Elsevier Science
Year
2006
Tongue
English
Weight
172 KB
Volume
27
Category
Article
ISSN
0167-4870

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This paper compares three models of intertemporal choice concerning saving future lives: the constant discounting model, the proportional discounting model and the hyperbolic discounting model. The three models were investigated using data collected from the general public. Since these data have a m