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dc.contributor.authorCruz Rambaud, Salvador 
dc.contributor.authorGonzález Fernández, Isabel
dc.date.accessioned2020-05-27T08:37:11Z
dc.date.available2020-05-27T08:37:11Z
dc.date.issued2020-05-13
dc.identifier.issn2073-8994
dc.identifier.urihttp://hdl.handle.net/10835/8263
dc.description.abstractThe framework of this paper is intertemporal choice, which traditionally has been studied with preference relations and discount functions. However, the interest of econophysics in this topic makes time become a central magnitude. Therefore, the aim of this paper is to introduce the concept of delay function and, by using this tool, to analyze the concept of impatience and the different types of inconsistency. In behavioral finance, consistency is correlated with the concept of symmetry because, in this case, the indifference between two rewards does not change when the same delay is added to their respective availability dates. Moreover, we have shown the way to derive a discount (respectively, delay) function starting from the expression of its corresponding delay (respectively, discount) function by requiring some suitable conditions for this construction. Finally, we have deduced the concept of instantaneous variation rate and Prelec’s measure of inconsistency in terms of the delay function.es_ES
dc.language.isoenes_ES
dc.publisherMDPIes_ES
dc.rightsAttribution-NonCommercial-NoDerivatives 4.0 Internacional*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjecteconophysicses_ES
dc.subjectintertemporal choicees_ES
dc.subjectdelay functiones_ES
dc.subjectinconsistencyes_ES
dc.subjectincreasing impatiencees_ES
dc.subjectmoderately decreasing impatiencees_ES
dc.subjectstrongly decreasing impatiencees_ES
dc.titleA New Approach to Intertemporal Choice: The Delay Functiones_ES
dc.typeinfo:eu-repo/semantics/articlees_ES
dc.relation.publisherversionhttps://www.mdpi.com/2073-8994/12/5/807es_ES
dc.rights.accessRightsinfo:eu-repo/semantics/openAccesses_ES


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Attribution-NonCommercial-NoDerivatives 4.0 Internacional
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