04.04.2017 - 16:26
Guest Lecture by Xiaohua Yu
Memory and Discounting | Wed, April 26, 2017, 16–18 h |
Room SG 183, Building SG, Geibelstr. 41, Campus Duisburg
Heterogeneous memory capacity has been neglected in economics literature, though it may have profound economic implications. Adopting the concept of “memory utility” proposed by Gilboa, Postlewaite and Samuelson (2015), we explore the relationship between memory capacity and individual discounting behavior by building a simple two-period model and comparing its predictions with experimental data. Both theoretical and experimental evidences confirm that memory capacity and discounting rates are positively correlated.
Prof. Xiaohua Yu, PhD, Chair of Agricultural Economics in Developing and Transition Countries, Research Center 'Poverty, Equity and Growth' of the Georg August University of Göttingen