discount rate (delta)
2 episodes mention this concept
- MIT Open EconomyApr 5, 2023
The Neoclassical Model of Savings, Precautionary Behavior, and Empirical Puzzles in Development Economics
EconomicsNeoclassical model of savingsInter-temporal optimizationUtility functionDiscount rate (Delta) - MIT Open EconomyApr 5, 2023
Behavioral Development Economics: Addressing the Euler Equation Puzzle and Psychological Dimensions of Poverty
EconomicsBehavioral Development EconomicsModernization TheoryRational ActorsPoor but Efficient (Schultz)
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Related concepts
Concepts that appear alongside discount rate (delta) across episodes.
- euler equation
- marginal product of capital
- bellman equation
- systematic deviations from standard models
- risk aversion
- permanent income
- transitory income
- biased beliefs
- savings constraints
- behavioral development economics
- poor but efficient (schultz)
- consumption martingale
- instrumental variable (iv) estimation
- quasi-hyperbolic discounting
- mental accounting
- inter-temporal optimization
- non-standard decision making
- modernization theory
- prudence (positive third derivative of utility)
- limited attention