It has been argued that hyperbolic discounting of future gains and losses leads to time-inconsistent behavior and … future hyperbolically and make time-consistent decisions. This allows us to disentangle the role of discounting from the time … consistency issue. We show that hyperbolically discounting individuals, under a reasonable normalization, invest more in their …

We integrate time-inconsistent decision making due to hyperbolic discounting into a gerontologically founded life cycle …

It has been argued that hyperbolic discounting of future gains and losses leads to time-inconsistent behavior and … future hyperbolically and make time-consistent decisions. This allows us to disentangle the role of discounting from the time … consistency issue. We show that hyperbolically discounting individuals, under a reasonable normalization, invest more in their …

We integrate time-inconsistent decision making due to hyperbolic discounting into a gerontologically founded life cycle …

our extension is isomorphic to generalized discounting with dynamic consistency and characterize the unique equilibrium … respect to time discounting. All bargaining takes place within a single experimental session, so bargaining delay is … behavioral support for the basic predictions that hold regardless of the details of discounting. Testing differential predictions …

our extension is isomorphic to generalized discounting with dynamic consistency and characterize the unique equilibrium … respect to time discounting. All bargaining takes place within a single experimental session, so bargaining delay is … behavioral support for the basic predictions that hold regardless of the details of discounting. Testing differential predictions …

our extension is isomorphic to generalized discounting with dynamic consistency and characterize the unique equilibrium … respect to time discounting. All bargaining takes place within a single experimental session, so bargaining delay is … behavioral support for the basic predictions that hold regardless of the details of discounting. Testing differential predictions …

our extension is isomorphic to generalized discounting with dynamic consistency and characterize the unique equilibrium … respect to time discounting. All bargaining takes place within a single experimental session, so bargaining delay is … behavioral support for the basic predictions that hold regardless of the details of discounting. Testing differential predictions …

) bargaining model to arbitrarily non-stationary discounting, we first show that dynamic consistency across bargaining rounds is … test for a general patience advantage, predicted independent of the shape of discounting, and it receives strong behavioral … discounting in favor of present-biased discounting. …