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Endogenous Time Preferences in Social Networks

Endogenous Time Preferences in Social Networks( )
Author: Klochko, Marianna A.
Ordeshook, Peter C.
Publication Date:Dec 2005
Publisher:Edward Elgar Publishing, Incorporated
Book Format:Hardback
List Price:USD $146.00
Book Description:

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 themselves endogenously determined. Beginning with the observation that...
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Book Details
Detailed Subjects: Social Science / General
Education / Decision-Making & Problem Solving
Science / Time
Psychology / General
Physical Dimensions (W X L X H):9.126 x 6.084 Inches

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