We present results from the rst large-scale international surveyon time discounting, conducted in 45 countries. Cross-country varia-tion cannot simply be explained by economic variables such as interestor ination rates. In particular, we nd strong evidence for culturaldierences, as measured by...

This paper explores the consequences of cognitive dissonance, coupled with timeinconsistent preferences, in an intertemporal decision problem with two distinct goals: acting decisively on early information (vision) and adjusting flexibly to late information (flexibility). The decision maker...