Richards, Timothy J.; Hamilton, Stephen F.; Pofahl, … - European Association of Agricultural Economists - EAAE; … - 2010
apparently hyperbolic discounting that is fully consistent with rational behavior. We construct an experiment to test our … health. Our results show that discount functions are quasi-hyperbolic in shape, and that obesity and drinking are positively … related to the discount rate. Anti-obesity policy, therefore, would be best directed to informing individuals as to the long …