英文标题：
《Hyperbolic Discounting of the Far-Distant Future》
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作者：
Nina Anchugina, Matthew Ryan, Arkadii Slinko
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最新提交年份：
2017
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英文摘要：
We prove an analogue of Weitzman\'s (1998) famous result that an exponential discounter who is uncertain of the appropriate exponential discount rate should discount the far-distant future using the lowest (i.e., most patient) of the possible discount rates. Our analogous result applies to a hyperbolic discounter who is uncertain about the appropriate hyperbolic discount rate. In this case, the far-distant future should be discounted using the probability-weighted harmonic mean of the possible hyperbolic discount rates.
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中文摘要：
我们证明了Weitzman（1998）的一个著名结果，即不确定适当指数贴现率的指数贴现商应使用最低（即最耐心）的可能贴现率贴现遥远的未来。我们的类似结果适用于对适当的双曲线贴现率不确定的双曲线贴现者。在这种情况下，应使用可能的双曲线贴现率的概率加权调和平均值对遥远的未来进行贴现。
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分类信息：

一级分类：Quantitative Finance 数量金融学
二级分类：Economics 经济学
分类描述：q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学，包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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