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Hyperbolic discount curves: a reply to Ainslie [Book Review]
Theory and Decision 76 (1):9-30 (2014)
Abstract
Ainslie challenges our interpretation of the properties of hyperbolic discount curves in an iterated prisoners’ dilemma model. In this reply, we discuss the emergence of hyperbolic discount functions in the behavioral economics literature and evaluate their properties. Furthermore, we present a summarized version of our IPD model and evaluate Ainslie’s points of contention.Other Versions
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Citations of this work
Forgiveness, cooperation, and present bias in the infinitely iterated Prisoner’s dilemma.Minwook Kang - 2025 - Theory and Decision 99 (3):573-591.
References found in this work
Time discounting and time preference: A critical review.Shane Frederick, George Loewenstein & Ted O’Donoghue - 2002 - Journal of Economic Literature 40 (2):351–401.
Picoeconomics: The Strategic Interaction of Successive Motivational States within the Person.Kent Bach - 1995 - Philosophy and Phenomenological Research 55 (4):981-984.
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