Memory and discounting : theory and evidence

• Main Authors: Bao, Te, Dai, Yun, Yu, Xiaohua
• Other Authors: School of Social Sciences
• Format: Article
• Language: English
• Published: 2019
• Subjects: Intertemporal Consumption; Memory Utility; DRNTU::Social sciences::Economic theory
• Online Access: https://hdl.handle.net/10356/104720; http://hdl.handle.net/10220/48607
• Institution: Nanyang Technological University

Heterogeneous memory capacity is largely neglected in the economics literature, although it may have profound economic implications. Adopting the concept of “memory utility” proposed by Gilboa, Postlewaite, and Samuelson (2016), we explore the relationship between memory capacity and individual disc...