, 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 …

thereafter, which is inconsistent with exponential discounting but consistent with hyperbolic discounting. The implied marginal … rate of time preference declines and then rises. Estimates of the quasi-hyperbolic discounting parameter range from 0.48 to …

ability and workers' inter-temporal preferences (discounting). We apply this test to the large observed differences in wages … and wage growth rates between smokers and non-smokers. The evidence supports the discounting hypothesis …