Intensified distortion: investment decisions with endogenous contracts and time inconsistency

Previous studies on investment decisions with endogenous contracts typically adopt differences among discount rates to describe decision makers’ impatience. Yet evidences from behavioral economics and neuroeconomics suggest that decision makers are impatient with short-term choices, but patient with...

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Bibliographic Details
Main Authors: Li, Yanzhao, Guo, Ju-e, Li, Yongwu, Zhang, Jinggong
Other Authors: Nanyang Business School
Format: Article
Language:English
Published: 2024
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Online Access:https://hdl.handle.net/10356/178951
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Institution: Nanyang Technological University
Language: English
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