A Probabilistic Theory for Intertemporal Indifference

Mehraj Bin Yasaar Parouty, Maarten Jacobus Postma
2014 Theoretical Economics Letters  
This paper provides a closed form distribution for the probability of intertemporal indifference between a certain quantity of a commodity now, ( ) Q q 0 0 = , and some future quantity ( ) Q T q = at time t = T assuming a discount weight, ( ) ( ) w T 0,1 ∈ . Keywords Intertemporal Indifference, Commodity * Corresponding author. 1 A Latin expression, argued in the first thesis of Parmenides, 5 th century BCE, meaning nothing comes from nothing.
doi:10.4236/tel.2014.46053 fatcat:n56upkskqjevhgzvuufnc5mjlu