Lecture 3: Time Preferences (Theory) I

MIT 14.13 Psychology and Economics, Spring 2020
Instructor: Prof. Frank Schilbach

In lecture 3, Prof. Schilbach explains the time preference theory, including exponential discounting, quasi-hyperbolic discounting, and sophistication vs. naivete.

License: Creative Commons BY-NC-SA

[victor_rybin]

1:04:33 Ulysses didn't put wax into his ears because he wanted to listen to the song, without jumping into the sea -- that's the whole point of the story

[stochasticdifferentialeq.]

Stochastic Choices and Randomized Preferences is what my research subject will be after I finish all my PhD core requirements. Wish me luck 🙏

[rossgai]

Great Class. Quite important concept for Corporate Finance.

[TheMustafa]

wow! these materials are insane... I'll study the full course from OCW <3

[arsalanahmad]

Lectures with practical applications... amazing work 👏

[王道さん]

Thank you professor . It's an amazing lecture for BE learning 😁

[choosewisely]

those insane interest rates are mostly to discourage people from 'excessively utilizing' those services. i can't imagine those are incentives.

[mateusz]

He wanted still to hear their beautiful voices

[XeLYoutube]

preference are drasticly inconsistent, sapiooo

[_lika]

нет вообще! голос хороший, но он не чувствует контекст. хоть и слова понимает

[PRAVEENMARUTHURMANA]

Please show slides for more time than professor..

[howardstark]

Someone tell this guy that Marshmallows didn't replicate properly, due to confounds

[ruirodrigues]

Is it just me or the tones that professor uses makes it really hard to concentrate ? I’m talking about the changes in voice tones bla…bla…blablablablabla…b.l.a

[zzero]

these lectures could've been so interesting, but he makes them so dull...