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association between 'irrational' choices. -- time preference ; time sequences ; negative discounting …In this paper we formulate and investigate experimentally a model of how individuals choose between time sequences of … the economics domain. In the experiment we find that: 1) traditional economic models based on discounting alone cannot …
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This paper introduces hyperbolic discounting into politics. In our model, politicians act according to the preferences …-term investments in a given policy area. -- political agency ; hyperbolic discounting ; bureaucracy …
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individual discount rate, this paper analyzes whether changes in time discounting can account for differences in body mass … remarkable increase in BMI experienced in recent years. We find some evidence for a link between time discounting and differences … our hypothesis the best chance, we analyze the development of the time discounting proxies that are most strongly related …
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The standard model of intertemporal choice assumes risk neutrality toward the length of life: due to additivity, agents are not sensitive to a mean preserving spread in the length of life. Using a survey fielded in the RAND American Life Panel (ALP), this paper provides empirical evidence on...
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