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

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

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 …

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