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 …

rate with a distribution that is constant over time) are discussed for why the social discount rate is likely to decline … over time. A declining social discount rate also emerges if account is taken from the relative price effects resulting from …

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. -- ambiguity ; climate change ; cost benefit analysis … ; discounting ; intertemporal substitutability ; risk aversion ; uncertainty …

We study time preferences in a real-effort experiment with a one-month horizon. We report that two thirds of choices … suggest negative time preferences. Moreover, choice reversal over time is common even if temptation plays no role. We propose … and measure three distinct concepts of choice reversal over time to study time consistency. This evidence calls for an …

economic model. Modern decision theory and its applications to finance show that this discounted expected utility model is … consumption over time, which gives rise to a model reflecting correctly the risk-free discount rate and the risk premia. We find …

over time. There are two main results. When facing a costly task to be completed under a deadline, two thirds of subjects …

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 …