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

In this paper, we analyse and construct a lifetime utility maximisation model with hyperbolic discounting. Within the … (exponential discounting). We find: (1) investors (realistically) demand more life insurance after retirement (in contrast to the …

I derive a social planner's optimal information design in an environment with quasi-hyperbolic discounting consumers …

Hyperbolic discounting with naiveté is widely believed to provide a better explanation than exponential discounting of …

is compared with hyperbolic discounting within a standard life-cycle setting of consumption and savings. We show …-equation from the hyperbolic discounting model with an additional adjustment factor. In the numerical section it is shown that the … not possible with a hyperbolic discounting model. …