, thereby causing rational bubbles to lose their efficiency properties. Moreover, if speculation can be carried out by skilled …

of Becker's theory to model preferences over continuous time blocks. To examine whether the predictions of the model are …Most activities in life require a certain amount of continuous time. Yet, in the traditional economic model of time … allocation, the time block is not taken into account. Hence, the same amount of utility is derived from an activity regardless of …

. Specifically, we administer an at-home sleep restriction protocol combined with random assignment to the time-of-day for decision … making. Thus, we induce sleepiness in our subjects via sleep restriction as well as suboptimal time-of-day prior to …

We compare different designs that have been used to test for an impact of time horizon on discounting, using real …