Seminars

Bounded Attention in Intertemporal Choice

Economics & Decision Sciences

Speaker:  Jawwad Noor
Boston University

15 March 2016 - From 11:30 am to 12:30 pm

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We behaviorally model an agent in an intertemporal context who
exhibits diminishing impatience with respect to the size of consumption
stakes. Our representation result describes the agent as a discounted
utility maximizer, where the discount function is determined
by a cognitive process that optimally uses a limited stock of cognitive
resources to improve the agent’s "telescopic faculties".

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