discounting. A commonly recognized bias of standard elicitation techniques is the use of linear preferences for identification … utility function curvature. We present a new methodology for identifying time preferences, both discounting and utility … obtained, dynamically consistent discounting, and limited though significant utility function curvature …

arithmetic discounting are all highly multicolinear in commonly used research designs. This confounding means that if one model …

The paper surveys over twenty models of delay discounting (also known as temporal discounting, time preference, time … discounting), that psychologists and economists have put forward to explain the way people actually trade off time and money …, consistently applied, helps focus attention on the three main components in any discounting model: subjectively perceived money …