Concept

Time preference

Related publications (34)

Evidence for eligibility traces in human learning

Michael Herzog, Wulfram Gerstner, Kerstin Preuschoff, Marco Philipp Lehmann, He Xu, Vasiliki Liakoni

Whether we prepare a coffee or navigate to a shop: in many tasks we make multiple decisions before reaching a goal. Learning such state-action sequences from sparse reward raises the problem of credit-assignment: which actions out of a long sequence should ...

arXiv2017

A Robust Noncooperative Meta-Game for Climate Negotiation in Europe

Marc Vielle, Frédéric Louis François Babonneau, Alain Haurie

In this paper we define and solve a ‘robust game design’ problem that could be used to assess the fair sharing of the abatement burden among the 28 EU countries in their coming climate negotiations. The problem consists in finding a distribution of a globa ...

Birkhauser Boston2016

Are French Households Car-Use Addicts? A microeconomic perspective

Matthieu Marie Cochon de Lapparent

This article presents a microeconometric analysis of household car use in France. To characterize car use dependence, the myopic and rational addiction models are estimated using panel data drawn from the French "Car Fleet" survey. Significantly, the assum ...

2015

WiFi-Based Marauder's Map, or where are members of a campus and why?

Antonin Danalet

Similarly to the Marauder's Map in Harry Potter, we tracked employees and students on campus. We model this output in terms of choice of activity type in time. By discretizing time, this choice is represented as a path in a network. The choice set is gener ...

2014

Activity pattern modeling: A path choice approach

Michel Bierlaire, Antonin Danalet

In Switzerland, the largest railway stations are called "RailCities" by the Swiss Railways. It emphasizes their transformation into place to live and perform several different activities, similar to a small-scale city. Similar concerns than in urban areas ...

2014

Scalable Collaborative Bayesian Preference Learning

Matthias Seeger, Mohammad Emtiyaz Khan, Young Jun Ko

Learning about users’ utilities from preference, discrete choice or implicit feedback data is of integral importance in e-commerce, targeted advertising and web search. Due to the sparsity and diffuse nature of data, Bayesian approaches hold much promise, ...

2014

Financial Markets Equilibrium with Heterogeneous Agents

Semyon Malamud

This paper presents an equilibrium model in a pure exchange economy when investors have three possible sources of heterogeneity. Investors may differ in their beliefs, in their level of risk aversion, and in their time preference rate. The authors study th ...

Oxford University Press2012

Convexity bounds for BSDE solutions, with applications to indifference valuation

Christoph Frei, Semyon Malamud

We consider backward stochastic differential equations (BSDEs) with a particular quadratic generator and study the behaviour of their solutions when the probability measure is changed, the filtration is shrunk, or the underlying probability space is transf ...

2011

A mean field approach for optimization in discrete time

Nicolas Gabriel Gast

This paper investigates the limit behavior of Markov decision processes made of independent objects evolving in a common environment, when the number of objects (N) goes to infinity. In the finite horizon case, we show that when the number of objects becom ...

2011

Encoding of Marginal Utility across Time in the Human Brain

Marginal utility theory prescribes the relationship between the objective property of the magnitude of rewards and their subjective value. Despite its pervasive influence, however, there is remarkably little direct empirical evidence for such a theory of v ...

2009

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