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We investigate necessary and sufficient nonparametric conditions for the quasi-hyperbolic consumer. These turn out to be quite tractable. We investigate the performance of this model compared to the standard exponential discounting model using consumer panel data.

Authors

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Laura Blow

Martin Browning
Martin Browning

Research Associate University of Copenhagen

Martin is an IFS Research Associate, a Nuffield Senior Research Fellow and a Professor of Economics at the University of Oxford.

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Ian Crawford

Working Paper details

DOI
10.1920/wp.ifs.2014.1417
Publisher
Institute for Fiscal Studies

Suggested citation

L, Blow and M, Browning and I, Crawford. (2014). Never mind the hyperbolics: nonparametric analysis of time-inconsistent preferences. London: Institute for Fiscal Studies. Available at: https://ifs.org.uk/publications/never-mind-hyperbolics-nonparametric-analysis-time-inconsistent-preferences (accessed: 23 April 2024).

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