In this paper, we extend the well known result that hyperbolically discounting agents tend to postpone costs into the … protection is undertaken over the whole time horizon, no matter whether the decision makers are naive or sophisticated, although … hyperbolic discounting in cost-benefit analysis and gives rise to concern, as it is consistent with unsatisfactory policy …

We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …

We study time preferences in a real-effort experiment with a one-month horizon. We report that two thirds of choices … suggest negative time preferences. Moreover, choice reversal over time is common even if temptation plays no role. We propose … and measure three distinct concepts of choice reversal over time to study time consistency. This evidence calls for an …

discounting agents. He shows that, in the long run and in the absence of a commitment device, society is stuck in a situation … where all agents prefer further investments, yet no agent invests. This holds no matter whether agents are aware of the time … inconsistency of their preferences. As a consequence, awareness of the time-inconsistency problem poses at best a short run remedy …

-overlapping hyperbolically discounting agents. He shows that without a commitment mechanism society is eventually stuck in a situation where all …

Procrastination is often attributed to time-inconsistent preferences but may also arise when individuals derive …