weighting functions for the risky prospects placed 6 and 12 months into the future. The experiment is used to test whether … decision errors can explain or be highly correlated with hyperbolic discounting and non-linear (inverse-S-shaped) probability … weighting. We find evidence that decision errors are strongly correlated with hyperbolic discounting but do not find that …

The shortcomings of conventional discounting, especially in the context of long-run environmental problems, have been … extensively discussed in the literature. Recently, hyperbolic discounting, i.e. discounting at declining instead of constant … for employing hyperbolic discounting, there are also pitfalls, which have to be pointed out. In this paper I show that the …