Lecture 41: Intertemporal Choice Models
31:41
YouTubeIIT Roorkee July 2018
Lecture 41: Intertemporal Choice Models
Introduces intertemporal choice, explaining how individuals allocate resources over time by trading off present versus future consumption. It traces the origins of the discounted utility model (DUM) from Rae, Böhm-Bawerk, and Fisher, highlighting psychological and economic foundations of time preference.
16 views4 months ago
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SOLVED:According to the model of intertemporal choice, what are the major factors which determine how much saving an individual will do? What factors might a behavioral economist use to explain savings decisions?
SOLVED:According to the model of intertemporal choice, what are the major factors which determine how much saving an individual will do? What factors might a behavioral economist use to explain savings decisions?
numerade.comOct 10, 2019
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