We compare different designs that have been used to test for an impact of time horizon on discounting, using real … declining (hyperbolic) discounting, but with other designs find constant or increasing discounting. As a whole, the data are not … consistent with any of these usual candidate discounting assumptions, and they also imply a violation of transitivity. The …

)actions, the more weight they receive. If uncertainty is endogenous to the decision process, the new rationale for discounting will … preference ; discounting ; uncertainty ; expected utility ; recursive utility ; risk aversion ; intertemporal substitutability …

market. Even though we allow for a general-hyperbolic specification (which has exponential discounting as a special case … specification) of 8 %. -- present bias ; hyperbolic discounting ; discount rate ; hedonic estimation …

choice. These rates differ because of two countervailing effects: (1) the individual applies quasi-hyperbolic discounting to …

resolution of risk, (iii) show different discounting formulas depending on the magnitude of risk and on the timing of its …

Hyperbolic discounting with naiveté is widely believed to provide a better explanation than exponential discounting of …

We consider a neoclassical growth model with quasi-hyperbolic discounting under Kantian optimization: each temporal …

-hyperbolic discounting. When agents recognize others' naivete, as strongly suggested by empirical evidence, they revise consumption paths …. We show that generically quasi-hyperbolic discounting matters for saving behavior: sliding equilibrium under perfect …