David Laibson
Harvard University
1 paper in the Anchorcite directory, published in 1997, cited 6,223 times in total.
Research topics
- Housing Market and Economics · 1 paper
- Economic theories and models · 1 paper
- Financial Literacy, Pension, Retirement Analysis · 1 paper
Papers
- Golden Eggs and Hyperbolic DiscountingThe Quarterly Journal of Economics · 1997 · 6,223 citations
Hyperbolic discount functions induce dynamically inconsistent preferences, implying a motive for consumers to constrain their own future choices. This paper analyzes the decisions of a hyperbolic consumer who has access to an imperfect commitment technology: an illiquid asset whose sale…
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