WHEN ONE MIGHT EXPECT NEGATIVE DISCOUNT RATE?

Both in economics and psychology, positive discount rate is usually assumed as an axiom. However, there are circumstances which may lead to negative discount rate. This article presents such a phenomenon. Moreover, author presents particular cases of theories and models which imply preference of rec...

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Bibliographic Details
Main Author: Marcin Palenik
Format: Article
Language:English
Published: Kozminski University 2012-12-01
Series:Decyzje
Subjects:
Online Access:http://www.kozminski.edu.pl/fileadmin/wspolne_elementy/Dokumenty/jednostki/Decyzje/18/Decyzje_18_2012_art._3.pdf