intergenerational transfers. We characterize the optimal set of allocation decisions that maximizes reproductive fitness. Time … with humans. During the immature phase, time preference depends only on the compounding effect of body growth, much like … returns on a capital investment, but not on fertility, or the intrinsic population growth rate. During the mature phase, time …

Is the standard hyperbolic-discounting model capable of robust qualitative predictions for savings behavior? Despite …

spend more time thinking about an intertemporal tradeoff exhibit less discounting. Agents who are unable to think carefully … and combining those signals with priors to form posteriors. These posterior expectations exhibit as-if discounting: agents … shaded toward the mean of the prior distribution, generating behavior that partially mimics the properties of classical time …

. We conclude that heuristic models explain time-money tradeoff choices in experiments better than utility discounting …, which can account for many of the known intertemporal choice anomalies, to discounting models. We conduct an out …-of-sample, cross-validated comparison of intertemporal choice models. Heuristic models outperform traditional utility discounting …

magnitude-dependent discounting with time distortion … individual delay functions for a range of amounts and time horizons. When we impose SDU assumptions, we classify more than half …

rate of time preference declines and then rises. Estimates of the quasi-hyperbolic discounting parameter range from 0.48 to …This article examines revealed rates of time preference for public goods, using environmental quality as the case study … estimates implied that the rate of time preference is very high for immediate improvements and drops off substantially …

This paper evaluates the extent of heterogeneity in time discounting among elderly Americans, as well as its role in … in which payments now are compared with payments in the future. This adds to the literature on time horizon experiments …, we show how differences in discounting patterns are associated with characteristics of particular importance in elderly …