The Complete Guide to Intertemporal Choice and Present Value | Micro Struggle

Описание: Micro Struggle | Intertemporal Choice & Present Value:

In this video I go over both Present Value and Future Value of money using the interest rate. I go over how to calculate the value of x dollars in t years and how much money you need to invest today to have x dollars in t years.

I then talk about Intertemporal Choice in Economics and then briefly talk about WARP or the Weak Axiom of Revealed Preference.

Timestamps:
0:00 - Intro
0:17 - How much is X dollars worth in T years?
2:50 - How much to put into bank today to have X dollars in T years?
4:56 - Intertemporal Choice Set-up
5:30 - Graphing Intertemporal Budget Constraint
7:30 - WARP (Weak Axiom Revealed Preference)
9:30 - Intertemporal Choice and WARP