run a lab experiment which mimics an energy consumption choice and randomizes the timing of when consumption costs are … effects, these results can be solely attributed to present-biased discounting under the pay-later scheme. These results imply …

run a lab experiment which mimics an energy consumption choice and randomizes the timing of when consumption costs are … effects, these results can be solely attributed to present-biased discounting under the pay-later scheme. These results imply …

We integrate time-inconsistent decision making due to hyperbolic discounting into a gerontologically founded life cycle … model with endogenous aging and longevity. Individuals can slow down aging and postpone death by health investments and by … smoke less and invest more in their health. Consequently, they accumulate health deficits faster and die earlier than …

Most evidence of hyperbolic discounting is based on violations of either stationarity or time consistency as observed … discounting is a plausible explanation for choice reversals only if violations of stationarity and time consistency overlap. Our … conclude that when incomes fluctuate, one can only identify hyperbolic discounting by eliciting violations of both stationarity …

in turn have implications for their future health. The theory results demonstrate that individuals with higher bias for … the present or lower patience will have poorer health outcomes: that is, they will either be underweight (low BMI) or …

our extension is isomorphic to generalized discounting with dynamic consistency and characterize the unique equilibrium … respect to time discounting. All bargaining takes place within a single experimental session, so bargaining delay is … behavioral support for the basic predictions that hold regardless of the details of discounting. Testing differential predictions …