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Endogenous time preferences in social networks

Author: Marianna A Klochko; Peter C Ordeshook
Publisher: Cheltenham, Glos, UK ; Northhampton, MA : Edward Elgar Pub., ©2005.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
"Marianna Klochko and Peter Ordeshook address an under-studied issue from rational choice theory - the common assumption that individual time preferences are exogenous and fixed. They then present empirical evidence to suggest that this is not the case, exploring a computer simulation model that allows for the evolutionary change of time preferences. This is done, moreover, in the context of social networks that are  Read more...
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Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Marianna A Klochko; Peter C Ordeshook
ISBN: 1845425987 9781845425982
OCLC Number: 61458350
Description: vi, 273 pages : illustrations ; 24 cm
Contents: 1. Cooperation and time discounting --
2. Evidence of the endogenous determination of discount rates --
3. The evolutionary perspective --
4. Investment, consumption and change --
5. A 3-node network : part 1 --
6. A 3-note network : part 2 --
7. Endogenous networks : part 1 --
8. Endogenous networks : part 2 --
9. Summary.
Responsibility: Marianna A. Klochko, Peter C. Ordeshook.
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Abstract:

Marianna Klochko and Peter Ordeshook address an under-studied issue from rational choice theory - the common assumption that individual time preferences are exogenous and fixed.  Read more...

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`Peter Ordeshook is an outstanding scholar and is addressing a very important question. As he points out on the first page of Chapter 1, social norms do exist and are adhered to, constitutions Read more...

 
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