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 …

show that the assumption of positive discounting is not always true. The presented experimental study shows how a decrease … in probability increases the chances of negative discounting. According to the results, the expected large, uncertain … profit is more likely to be deferred over time than a certain profit of the same value. On the other hand, the expected large …

Loss aversion postulates that people prefer avoiding losses over acquiring gains of equal size. It is a central part of … economics. However, because the reference point is often not well defined and loss aversion interacts with other behavioral …

Loss aversion postulates that people prefer avoiding losses over acquiring gains of equal size. It is a central part of … economics. However, because the reference point is often not well defined and loss aversion interacts with other behavioral …

the resource). In a discrete-time quasihyperbolic discounting framework with no commitment device, and using only generic …

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 …