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
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