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The figures below show implied discount factors calculated from experiments with different time horizons. 1.0 1.0 0.8 0,8 0.6 0.6 imputed discount factor imputed discount
The figures below show implied discount factors calculated from experiments with different time horizons. 1.0 1.0 0.8 0,8 0.6 0.6 imputed discount factor imputed discount factor . 0.4 0.4 0.2 0.2 0.0 0.0 0 5 10 15 0 10 15 time horizon (years) time horizon (years) Figure la. Discount Factor as a Function of Time Figure 1b. Discount Factor as a Function of Time Horizon (all studies) Horizon (studies with avg, horizons > 1 year) Source: Frederick, S., Loewenstein, G, and O'Donoghue, T. (2002). "Time discounting and time preference: A critical review. Journal of Economic Literature, 40(2), 351-401. The graphs are consistent with ... Select one O a. The anticipatory utility model. O b. None of the other options. O c. The Discounted-Utility model. O d. The (quasi-hyperbolic discounting model
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