Albrecht, Konstanze; Volz, Kirsten G.; Sutter, Matthias; … - Department of Economics, Harvard University - 2011
People have present-biased preferences: they choose more impatiently when choosing between an immediate reward and a delayed reward, than when choosing between a delayed reward and a more delayed reward. Following McClure et al. [McClure, S.M., Laibson, D.I., Loewenstein, G., Cohen, J.D. (2004)....