, quasi-hyperbolic discounting as well as subjective failure probability over future payments. We investigate the predictive …

In this paper I propose a time-consistent method of discounting hyperbolically and apply it to three canonical … then compare results with those for conventional exponential discounting using the normalization that both methods provide …, time-consistent hyperbolic discounting leads always to a steady state of maximum yield, or, if the environment enters the …

In this paper I propose a time-consistent method of discounting hyperbolically that contains the discount rate implied … by Gamma discounting as a special case. I apply the discounting method to three canonical environmental problems: (i … with those for conventional exponential discounting using the normalization that both methods provide the same present …

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 …

The folk theorems for infinitely repeated games with discounting presume that the discount rate between two successive … periods is constant. Following the literature on quasi-exponential or hyperbolic discounting, I model the repeated interaction … between two or more decision makers in a way that allows present-biased discounting where the discount factor between two …