Holden, Stein - School of Economics and Business, Norges miljø- og … - 2014
I present a theory that can explain hyperbolic discounting and magnitude effects in intertemporal choice. This approach … involving magnitude levels of 5x, 10x and 20x the basic magnitude level with time horizons of one, three, six and 12 months …. Without zooming adjustments in base consumption, very strong hyperbolic and magnitude effects were found, and present bias …