contribute to our understanding of these issues by postulating a model of income uncertainty within a hyperbolic discounting …/value In traditional exponential discounting, the marginal rate of substitution of consumption between two points depends only …, hyperbolic discounting better fits the data. The authors model choice under uncertainty and focus on the costs caused when …

decision errors can explain or be highly correlated with hyperbolic discounting and non-linear (inverse-S-shaped) probability … weighting. We find evidence that decision errors are strongly correlated with hyperbolic discounting but do not find that …

Most evidence of hyperbolic discounting is based on violations of either stationarity or time consistency as observed … discounting is a plausible explanation for choice reversals only if violations of stationarity and time consistency overlap. Our … conclude that when incomes fluctuate, one can only identify hyperbolic discounting by eliciting violations of both stationarity …

generalized discounting involving both behavioral and normative applications. Our generalized Bellman equation method identifies …-saving with beta-delta discounting and its generalized versions involving magnitude effects, non-additive payoffs, semi …-hyperbolic or hyperbolic discounting (over possibly unbounded state and unbounded above reward space). We also provide an …

the resource). In a discrete-time quasihyperbolic discounting framework with no commitment device, and using only generic …

preference reversals arecommonly interpreted as contradicting constant discounting. This interpretation is correctonly if … baseline consumption to which the outcomes are added, remains constant over time.The difficulty with measuring discounting when … discounted. In this paper we propose a way to disentangle thetwo effects, which allows us to draw conclusions about discounting …

utility under a nonlinear expectation, and show monotonicity and continuity of utility. Risk aversion is characterized, and …