Endogenous Time Preferences in Social Networks

Endogenous Time Preferences in Social Networks

by Marianna A. Klochko, Peter C. Ordeshook
     
 

Marianna Klochko and Peter Ordeshook address an under-studied issue from rational choice theory - the common assumption that individual time preferences are exogenous and fixed. They then present empirical evidence to suggest that this is not the case, exploring a computer simulation model that allows for the evolutionary change of time preferences. This is done,… See more details below

Overview

Marianna Klochko and Peter Ordeshook address an under-studied issue from rational choice theory - the common assumption that individual time preferences are exogenous and fixed. They then present empirical evidence to suggest that this is not the case, exploring a computer simulation model that allows for the evolutionary change of time preferences. This is done, moreover, in the context of social networks that are themselves endogenously determined.

Product Details

ISBN-13:
9781845425982
Publisher:
Elgar, Edward Publishing, Inc.
Publication date:
02/01/2006
Pages:
288
Product dimensions:
6.40(w) x 9.30(h) x 1.10(d)

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