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Intertemporal Choice Definition.

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Intertemporal choice is the study of how people make decisions about consumption and investment over time. It is a key area of research in behavioral economics, as it helps to explain why people sometimes make choices that are not in their best interests in the long run. There are a number of different models that … Read more

Revenue Anticipation Note (RAN).

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A Revenue Anticipation Note (RAN) is a type of municipal bond that is issued by a state or local government in order to raise funds for current expenses. RANs are typically issued in the spring in anticipation of future revenue streams, such as property taxes or state aid payments, that will be received in the … Read more