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aspects of time discounting: (i) impatience, measured by the overall discount rate; (ii) present bias, measured by the degree … are indicative of being a time-inconsistent procrastinator, and classified as sophisticated otherwise. The health …
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these, I argue that hyperbolic discounting is a particular type of dynamically inconsistent time preferences, whereas self …Hyperbolic discounting and lack of self-control are different phenomena that share the property of dynamic …
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, several (nested) comparison methods are developed. These methods yield a theory of delay aversion which parallels that of risk … aversion. The applied strength of this theory is demonstrated in a variety of dynamic economic settings, including the … classical optimal growth and tree cutting problems, repeated games, and bargaining. Both time-consistent and time …
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: excessively optimistic beliefs about future demands on an individual's time. The models can be distinguished by how individuals …
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of the UK. The magnitude is inconsistent with exponential time preference, but compatible with quasi …-hyperbolic discounting. However, the hyperbolic model predicts that credit constraints drive the decline, and we find only mixed evidence in …
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