Small businesses contribute a substantial share of economic activity in all countries, and may be an engine for job creation in developing economies. Unlike large firms with management teams, small businesses are usually run by one key person, the owner-entrepreneur, who bears almost all of the...

Although theories from economics and evolutionary biology predict that one’s age, health, and survival probability should be associated with one’s subjective discount rate (SDR), few studies have empirically tested for these links. Our study analyzes in detail how the SDR is related to age,...