• Title of article

    A note on the relevance of the q-exponential function in the context of intertemporal choices

  • Author/Authors

    Daniel O. Cajueiro، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2006
  • Pages
    4
  • From page
    385
  • To page
    388
  • Abstract
    This paper shows that the q-exponential function well known in the deformed algebra inspired in the Tsallisʹs nonextensive thermodynamics may be used to model discount functions in intertemporal choices which present the phenomenon known as increasing patience. Moreover, we show that this insight may also be used to provide a measure of the degree of dynamic inconsistency presented in such decisions.
  • Journal title
    Physica A Statistical Mechanics and its Applications
  • Serial Year
    2006
  • Journal title
    Physica A Statistical Mechanics and its Applications
  • Record number

    870804