David Laibson

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David Laibson (2007)

David Isaac Laibson (* 1966) is an American economist from Harvard University .

Laibson acquired in 1988 from Harvard University a bachelor and in 1990 at the London School of Economics a master, and 1994 Olivier Jean Blanchard and Roland Jean-Marc Bénabou at Massachusetts Institute of Technology with the work Hyperbolic Discounting and Consumption a Ph.D. in economics. In 1994 he received his first professorship (assistant professor) at Harvard University. In 1998 he became an associate professor and in 2002 he was given a full professorship. He has held the Chair of Economics there since 2015 .

David Laibson is best known for his work on the dynamic inconsistency of economic decisions. With the term hyperbolic discounting, Laibson demonstrates the tendency of people to prefer profits that are closer in time to later ones, which over time leads to inconsistent decisions: People make decisions today that their future self would rather not have made - all other things being equal.

Laibson has (as of May 2018) an h-index of 70. His work Golden Eggs and Hyperbolic Discounting alone was cited more than 5000 times. In 2011 he was elected a member of the American Academy of Arts and Sciences and in 2019 a member of the National Academy of Sciences .

Web links

Individual evidence

  1. David Laibson : Golden Eggs and Hyperbolic Discounting . In: Quarterly Journal of Economics . 112, No. 2, 1997, pp. 443-477. doi : 10.1162 / 003355397555253 .
  2. David Laibson - Google Scholar Citations. In: scholar.google.com. Retrieved May 27, 2018 .
  3. Book of Members 1780 – present, Chapter L. (PDF; 1.1 MB) In: American Academy of Arts and Sciences (amacad.org). Retrieved May 27, 2018 .