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 …

This paper looks to see if departures from risk neutrality cause subjects to behave differently in randomly terminated … randomly terminated supergames as subjects become more risk averse/seeking. I then take this theoretical result into the lab … to play in randomly terminated supergames and those they chose to play in discounted supergames, even when their risk …

only costs of risk selection, but can also play an important role in loss-prevention. -- externalities ; insurance monopoly …