scholarly journals Axiomatization and Measurement of Quasi-Hyperbolic Discounting *

2014 ◽  
Vol 129 (3) ◽  
pp. 1449-1499 ◽  
Author(s):  
José Luis Montiel Olea ◽  
Tomasz Strzalecki
Keyword(s):  
Hyperbolic Discounting ◽  
Partial Identification ◽  
Axiomatic Characterization ◽  
Discount Factors ◽  
Elasticity Of Intertemporal Substitution ◽  
Trade Offs ◽  
Subject Pool ◽  
Identification Approach ◽  
The Subject

Abstract This article provides an axiomatic characterization of quasi-hyperbolic discounting and a more general class of semi-hyperbolic preferences. We impose consistency restrictions directly on the intertemporal trade-offs by relying on what we call “annuity compensations.” Our axiomatization leads naturally to an experimental design that disentangles discounting from the elasticity of intertemporal substitution. In a pilot experiment we use the partial identification approach to estimate bounds for the distributions of discount factors in the subject pool. Consistent with previous studies, we find evidence for both present and future bias.

The Image of the Accountant in a German Context

2004 ◽  
Vol 4 (1) ◽  
pp. 62-89 ◽  
Author(s):  
Andreas Hoffjan
Keyword(s):  
Content Analysis ◽  
Empirical Study ◽  
Cost Reduction ◽  
Maximum Degree ◽  
Work Ethic ◽  
Personal Characteristics ◽  
Management Accountant ◽  
The Subject ◽  
Professional Context

This study introduces content analysis as a method of examining the accountant's role. The empirical study is based on 73 advertisements, which are directed primarily at employees who are affected by the management accountant's work. The findings of the study indicate that the subject of accountancy is used particularly in connection with promises of “cost reduction.” Consequently, the majority of advertisements use the accountant stereotype of “savings personified.” In a professional context, the work ethic of the management accountant is given particular emphasis in the advertisements. He/she identifies him/herself with his/her task to the maximum degree, is regarded as loyal to his/her company and, for the most part, is well organized in his/her work. However, the characterization of the management accountant as a well disciplined company-person conflicts with the negative portrayal of his/her professional qualities. In advertisements, the management accountant is portrayed as a rather inflexible, passive, and uncreative specialist who, as a result of these qualities, often demotivates others. The personal characteristics of the management accountant are shown in a negative light. This gives him/her the unappealing image of a humorless, envious, dissociated, and ascetic corporate-person.

scholarly journals Noise and Breakdown Characterization of SPAD Detectors with Time-Gated Photon-Counting Operation

Sensors ◽  
2021 ◽  
Vol 21 (16) ◽  
pp. 5287
Author(s):  
Hiwa Mahmoudi ◽  
Michael Hofbauer ◽  
Bernhard Goll ◽  
Horst Zimmermann
Keyword(s):  
Breakdown Voltage ◽  
Single Photon ◽  
Photon Counting ◽  
Low Noise ◽  
Dark Count ◽  
Fully Integrated ◽  
Trade Offs ◽  
And Performance ◽  
Noise Models

Being ready-to-detect over a certain portion of time makes the time-gated single-photon avalanche diode (SPAD) an attractive candidate for low-noise photon-counting applications. A careful SPAD noise and performance characterization, however, is critical to avoid time-consuming experimental optimization and redesign iterations for such applications. Here, we present an extensive empirical study of the breakdown voltage, as well as the dark-count and afterpulsing noise mechanisms for a fully integrated time-gated SPAD detector in 0.35-μm CMOS based on experimental data acquired in a dark condition. An “effective” SPAD breakdown voltage is introduced to enable efficient characterization and modeling of the dark-count and afterpulsing probabilities with respect to the excess bias voltage and the gating duration time. The presented breakdown and noise models will allow for accurate modeling and optimization of SPAD-based detector designs, where the SPAD noise can impose severe trade-offs with speed and sensitivity as is shown via an example.

An Axiomatic Characterization of a Class of Petri Nets

1991 ◽  
Vol 14 (4) ◽  
pp. 477-491
Author(s):  
Waldemar Korczynski
Keyword(s):  
Petri Nets ◽  
Petri Net ◽  
Axiomatic Characterization ◽  
Algebraic Characterization

In this paper an algebraic characterization of a class of Petri nets is given. The nets are characterized by a kind of algebras, which can be considered as a generalization of the concept of the case graph of a (marked) Petri net.

Discounting Time and Time Discounting: Subjective Time Perception and Intertemporal Preferences

2009 ◽  
Vol 46 (4) ◽  
pp. 543-556 ◽  
Author(s):  
Gal Zauberman ◽  
B. Kyu Kim ◽  
Selin A. Malkoc ◽  
James R. Bettman
Keyword(s):  
Time Perception ◽  
Hyperbolic Discounting ◽  
Subjective Time ◽  
Multiple Time ◽  
Subjective Perceptions ◽  
Objective Time ◽  
Trade Offs ◽  
Intertemporal Preferences ◽  
Constant Rate ◽  
Within Subjects

Consumers often make decisions about outcomes and events that occur over time. This research examines consumers' sensitivity to the prospective duration relevant to their decisions and the implications of such sensitivity for intertemporal trade-offs, especially the degree of present bias (i.e., hyperbolic discounting). The authors show that participants' subjective perceptions of prospective duration are not sufficiently sensitive to changes in objective duration and are nonlinear and concave in objective time, consistent with psychophysical principles. More important, this lack of sensitivity can explain hyperbolic discounting. The results replicate standard hyperbolic discounting effects with respect to objective time but show a relatively constant rate of discounting with respect to subjective time perceptions. The results are replicated between subjects (Experiment 1) and within subjects (Experiments 2), with multiple time horizons and multiple descriptors, and with different measurement orders. Furthermore, the authors show that when duration is primed, subjective time perception is altered (Experiment 4) and hyperbolic discounting is reduced (Experiment 3).

Characterization of stable processes by identically distributed stochastic integrals

1980 ◽  
Vol 12 (3) ◽  
pp. 689-709 ◽  
Author(s):  
M. Riedel
Keyword(s):  
Stochastic Process ◽  
Stable Process ◽  
Convergence In Probability ◽  
Stochastic Integrals ◽  
Stable Processes ◽  
Process With Independent Increments ◽  
Independent Increments ◽  
The Subject

Let X(t) be a homogeneous and continuous stochastic process with independent increments. The subject of this paper is to characterize the stable process by two identically distributed stochastic integrals formed by means of X(t) (in the sense of convergence in probability). The proof of the main results is based on a modern extension of the Phragmén-Lindelöf theory.

scholarly journals Axiomatic characterization of the interval function of a graph

2009 ◽  
Vol 30 (5) ◽  
pp. 1172-1185 ◽  
Author(s):  
Henry Martyn Mulder ◽  
Ladislav Nebeský
Keyword(s):  
Axiomatic Characterization ◽  
Interval Function

Mate availability facilitates cannibalistic behaviour in a nest brooding fish: effects of timing during the brood cycle

Behaviour ◽  
2011 ◽  
Vol 148 (2) ◽  
pp. 247-264 ◽  
Author(s):  
Masanori Kohda ◽  
Nobuhiro Ohnishi ◽  
Noboru Okuda ◽  
Tomohiro Takeyama ◽  
Omar Myint
Keyword(s):  
Laboratory Experiments ◽  
Gravid Female ◽  
Theoretical Models ◽  
Filial Cannibalism ◽  
Mate Availability ◽  
Stimulus Female ◽  
Trade Offs ◽  
Future Reproduction ◽  
Cannibalistic Behaviour ◽  
The Subject

AbstractFilial cannibalism, eating one's own viable offspring, is accepted as an adaptive response to trade-offs between current and future reproduction. Theoretical models predict that high mate availability may induce more filial cannibalism, but this prediction is rarely tested. To examine this prediction, we performed laboratory experiments using the nest breeding goby Rhinogobius flumineus. Subject males were allowed to mate with a gravid female and care for the broods. A separate gravid female housed in a small cage (stimulus-female) was shown to the subject males at one of three different points during the brood cycle: prior to spawning, within 1 day after spawning and 1 week after spawning. Empty cages were shown as a control. Males that were shown the stimulus-female before spawning cannibalised more eggs than control males. In contrast, males that were shown the stimulus-females after spawning cannibalised as few eggs as control males did. Additionally, males that were shown the stimulus-female prior to spawning did not court females more intensively than other males. Thus, we suggest that the presence of an additional mate, rather than energy expenditure associated with courtship directed toward an additional mate, can facilitate males to cannibalise their eggs.

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