Enke, Benjamin; Graeber, Thomas Wilhelm - National Bureau of Economic Research - 2021
when a decision is complex, they implicitly treat different time delays to some degree alike. By experimentally measuring … explains various core empirical regularities, such as why people often appear very impatient, why per-period impatience is … choices frequently violate transitivity. Second, impatience is context-dependent: discounting is substantially more hyperbolic …