robust violations of discounted expected utility, inconsistent with both prospect theory probability weighting and models …

thereafter, which is inconsistent with exponential discounting but consistent with hyperbolic discounting. The implied marginal … rate of time preference declines and then rises. Estimates of the quasi-hyperbolic discounting parameter range from 0.48 to …

Is the standard hyperbolic-discounting model capable of robust qualitative predictions for savings behavior? Despite … simple condition comparing the interest rate to a threshold made up of impatience parameters only. Our robustness results …

about an intertemporal tradeoff - e.g., due to cognitive load - exhibit more discounting. In our framework, patience is … and combining those signals with priors to form posteriors. These posterior expectations exhibit as-if discounting: agents … forecasting (e.g., those with more intelligence) exhibit less discounting. Agents with more domain-relevant experience exhibit …

magnitude-dependent discounting with time distortion …

, which can account for many of the known intertemporal choice anomalies, to discounting models. We conduct an out …-of-sample, cross-validated comparison of intertemporal choice models. Heuristic models outperform traditional utility discounting … models, including models of exponential and hyperbolic discounting. The best performing models predict choices by using a …

) conditional choice probability (CCP) approach to the setting where individuals may have hyperbolic discounting time preferences …