offender's time discounting. We exploit quasi-experimental variation in sentence length generated by a large collective pardon … in Italy and provide non-parametric evidence on the extent of discounting from the raw data on recidivism and sentence …

centuries from today is new to the empirical literature on discounting and, with the appropriate risk adjustment, of relevance …

, quasi-hyperbolic discounting as well as subjective failure probability over future payments. We investigate the predictive …

the economics domain. In the experiment we find that: 1) traditional economic models based on discounting alone cannot …; 2) our model, despite considering only a specific (exponential) form of discounting, can explain the data much better … basic predictions of discounting theories: the deviations are not random and there are clear systematic patterns of …

corresponding demand for commitment can be observed even if individuals do not exhibit horizon-specific discounting. In addition …, good-specific discounting, under certain conditions, can explain the persistence of poverty and low savings by the poor … ; good-specific discounting ; savings ; poverty traps …

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 …

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 …