We compare different designs that have been used to test for an impact of time horizon on discounting, using real …-temporal choice. -- time preference ; hyperbolic discounting ; self-control ; dynamic inconsistency ; intransitivity …

This research project evaluates the extent of heterogeneity in time discounting among elderly Americans, as well as its …) intertemporal choices in which payments now are compared with payments in the future. This adds to the literature on time horizon …

shown to closely match that estimated using the UK's household budget survey. Consumption transitions over time are then … been found in experimental investigations of time preference. …

This study explores the intertemporal choice of goods with a limited time to enjoy it. Compared to previous research … showing that time preferences in intertemporal decisions have a decreasing hyperbolic function, we investigate time … preferences when there are time constraints, or expirations, to consume goods. The experiment tested two types of these goods …

, several (nested) comparison methods are developed. These methods yield a theory of delay aversion which parallels that of risk … aversion. The applied strength of this theory is demonstrated in a variety of dynamic economic settings, including the … classical optimal growth and tree cutting problems, repeated games, and bargaining. Both time-consistent and time …

over discounted utility (and its generalizations — quasi-hyperbolic and generalized hyperbolic discounting): a) time … slightly delayed in time; c) utility is not separable across time periods, i.e. the model allows for intertemporal wealth … consumption but, as time passes, they prefer to renegotiate such a contract for an advance payment. Behavioral characterization …

-hyperbolic and generalized hyperbolic discounting): a) time preferences are continuous; b) utility does not increase when a larger … payoff is split into two smaller payoffs, one of which is slightly delayed in time; c) utility is not separable across time …, as time passes, they prefer to renegotiate such a contract for an advance payment. Behavioral characterization …

confounding effects of time pressure, as proposed by dual-systems theory (Evans, 2006; Kahneman and Frederick, 2002). Results of …Time preferences drive decisions in many economic situations, such as investment contexts or salary negotiations. These … situations are characterized by a very short time frame for decision making. Preferences are potentially susceptible to the …

This paper proposes an alternative, dynamic framework for estimatingtime-varying values of travel time savings and … values of schedule delay, in whichtime-preferences are represented as the time-varying excess willingness to pay(EWPT) to … being in the one location, over being elsewhere. It is shown how theconventional linear model, with time-independent values …