, 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 … models, including models of exponential and hyperbolic discounting. The best performing models predict choices by using a …

) conditional choice probability (CCP) approach to the setting where individuals may have hyperbolic discounting time preferences …

hyperbolic discounting. We also provide novel results for this case, offering a complete and simple characterization of …

discounting. A commonly recognized bias of standard elicitation techniques is the use of linear preferences for identification … utility function curvature. We present a new methodology for identifying time preferences, both discounting and utility … obtained, dynamically consistent discounting, and limited though significant utility function curvature …

can be distinguished from an exponential economy. First, hyperbolic discounting predicts the empirical regularity that the …, hyperbolic discounting explains many features of the policy debate about undersaving. The calibrated hyperbolic economy matches …