discounting of money has been questioned as a measure of time preferences, it continues to be highly relevant in empirical …. We provide evidence that hyperbolic discounting reflects mistakes that are driven by the complexity of evaluating delayed …

contribute to our understanding of these issues by postulating a model of income uncertainty within a hyperbolic discounting …/value In traditional exponential discounting, the marginal rate of substitution of consumption between two points depends only …, hyperbolic discounting better fits the data. The authors model choice under uncertainty and focus on the costs caused when …