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 …

We use a field experiment and a within-subject design based on multiple Choice Lists (CLs) that integrate time and risk …. Diminishing impatience with extended time horizons is studied by varying time horizons from one week to two years. Time …-dated risky prospects are constant within CLs and are always compared with time-dated certain amounts to identify timedated …

risk aversion are considered in this work. Three different models of discounting functions are obtained as a result of …

assumption of (intertemporal) risk neutrality reduces the growth effect in social discounting and significantly amplifies the …, ambiguity aversion, and the propensity to smooth consumption over time …