Gamma Discounting¶
Weitzman, M. L. (2001). Gamma Discounting. American Economic Review, 91(1), 260-271.
Cited by¶
1 citation across 1 artifact.
Each citation links to the sentence it supports in the citing article.
Mechanisms¶
- Declining Discount-Rate Schedule
- Let the low rate dominate the tail. The decline follows from rate uncertainty: averaged over possible futures, distant flows are governed by the lowest plausible rate, which is why the curve bends toward it.
This sourceDerives a certainty-equivalent discount rate that declines with horizon under rate uncertainty as lower-rate scenarios increasingly dominate distant present values.
- Let the low rate dominate the tail. The decline follows from rate uncertainty: averaged over possible futures, distant flows are governed by the lowest plausible rate, which is why the curve bends toward it.
Verification¶
Does it exist? Confirmed. This work's DOI resolves to a registered record, which fixes its identity. That is all it fixes.
Does it back the claim? Not recorded. The single citation of this work carries no recorded support check.
Support is checked per citation rather than per work — the same source can be cited soundly in one article and wrongly in another. Per-citation recording began recently, so a citation with no recorded check is a gap in the record rather than evidence it went unchecked.
See how references were verified.
Registry ID ref:069bafb8a22a · see in the full table