current income is less than the long-run average by a certain margin, exhibit hyperbolic discounting. The discount rate of …

show that the assumption of positive discounting is not always true. The presented experimental study shows how a decrease … in probability increases the chances of negative discounting. According to the results, the expected large, uncertain … in the frequency of negative discounting due to increased uncertainty. The results of the study broaden the existing …

used to estimate the discount rates of households. We show that there is substantial heterogeneity in discounting behaviour …

Hyperbolic discounting (H) is currently the dominant behavioral model of intertemporal choice, since it better explains … how people behave than the normatively correct exponential discounting model (E). This paper promotes an arithmetic … discounting model (A) which challenges H. First, A is more behaviorally plausible than H or E because it is underpinned by the …

heterogeneity in discount rates is quantified for both an exponential discounting model and a competing hyperbolic model, but …

Conventional economics supposes that agents value the present vs. the future using an exponential discounting function … discounting can become rational and exponential discounting irrational. This has important implications for environmental …

resolution of risk, (iii) show different discounting formulas depending on the magnitude of risk and on the timing of its …