, several (nested) comparison methods are developed. These methods yield a theory of delay aversion which parallels that of risk … aversion. The applied strength of this theory is demonstrated in a variety of dynamic economic settings, including the … classical optimal growth and tree cutting problems, repeated games, and bargaining. Both time-consistent and time …

economically realistic models have led to the application of various forms of economic discounting to the contested resource. This … paper investigates the application of a two-parameter economic discounting method, called generalized hyperbolic discounting …, and characterizes the game’s Nash equilibrium conditions. We prove that for agents discounting such that accumulated value …