ABSTRACT: Recent advances in behavioral economics elucidated a number of deviations of actual human decisions and choices from mathematical principles of normative decision theory in neoclassical ...

ABSTRACT: Recent advances in behavioral economics elucidated a number of deviations of actual human decisions and choices from mathematical principles of normative decision theory in neoclassical ...

Tuition discounting rates have once again hit an all-time high. The average discount rate in the 2024–25 academic year was 56.3 percent for first-time, full-time undergraduates at private colleges and ...

Abstract: Reinforcement learning has traditionally been studied with exponential discounting or the average reward setup, mainly due to their mathematical tractability. However, such frameworks fall ...

Google’s John Mueller answered a question about the impact of increasing a website’s size by ten times its original size. Mueller’s answer should give pause to anyone considering making their site ...

We propose a sufficient-statistics method to measure a money-metric index of dynamic welfare. The method relies on two assumptions: (i) individuals’ preferences are separable between present and ...

Summary: Impulsivity affects decision-making between primary rewards like food and secondary rewards like money. The team found that individuals are more likely to choose immediate food rewards over ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. As the exponential advancement of technology accelerates through the knee of the curve, ...

Invoice discounting, or invoice financing, is a business financing method that uses unpaid customer invoices as collateral for a loan. Many, or all, of the products featured on this page are from our ...