A probabilistic theory for intertemporal indifference

Mehraj Bin Yasaar Parouty, Maarten Jacobus Postma

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Abstract

This paper provides a closed form distribution for the probability of intertemporal indifference between a certain quantity of a commodity now, Q q ( ) 0 0 = , and some future quantity QT q ( ) = at time t = T assuming a discount weight, w T( )∈(0,1) .
Original languageEnglish
Article number46834
Pages (from-to)415-424
Number of pages10
JournalTheoretical Economics Letters
Volume4
Issue number6
DOIs
Publication statusPublished - 2014

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