risk aversion in a simple model where time discounting is ignored, we find completely different estimates for this … estimate of risk aversion and the time preference discount rate per individual. This can be done because the consumption of a … large prize is smoothed over a larger time period. It is found that both parameters strongly vary over individuals, while …

We compare different designs that have been used to test for an impact of time horizon on discounting, using real …-temporal choice. -- time preference ; hyperbolic discounting ; self-control ; dynamic inconsistency ; intransitivity … declining (hyperbolic) discounting, but with other designs find constant or increasing discounting. As a whole, the data are not …

discounting. Additionally, waiting periods have larger effects on those shown to be particularly prone to myopia as a result of …

rate with a distribution that is constant over time) are discussed for why the social discount rate is likely to decline … over time. A declining social discount rate also emerges if account is taken from the relative price effects resulting from …

Discounting has to take account of ecosystem services in consumption and production. Previous literature focuses on the …

assumption of (intertemporal) risk neutrality reduces the growth effect in social discounting and significantly amplifies the …, ambiguity aversion, and the propensity to smooth consumption over time. -- ambiguity ; climate change ; cost benefit analysis … ; discounting ; intertemporal substitutability ; risk aversion ; uncertainty …

attainable maximin income should decrease over time. I provide a formal definition and study applications to an AK economy, a …

Procrastination is often attributed to time-inconsistent preferences but may also arise when individuals derive …

time preference from economic evaluation. The resulting preference representation still gives reduced weight to expected … future utility when uncertainty increases over time. The more we know about the future welfare consequences of our (in …)actions, the more weight they receive. If uncertainty is endogenous to the decision process, the new rationale for discounting will …

choice. These rates differ because of two countervailing effects: (1) the individual applies quasi-hyperbolic discounting to … necessarily hold if the government itself is formed by time-inconsistent individuals. …