This paper deals with one of the main empirical problems associated with the rational addiction theory, namely that its …

Discounting Model of choice over time. Attention has focused on some specific 'anomalies', notably preference reversal and … declining discount rates, leading to the formulation of the model of hyperbolic discounting which is finding increasing favour … they are really the most challenging ones for conventional theory. New developments are emerging both at the theoretical …

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 …

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 …

overall charitable donations. We discuss the implications of our experimental results for both theory and policy …