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

uncertainty by a measure of confidence. Special cases of the model comprise discounting under smooth ambiguity aversion as well as … discounting under a disentanglement of risk aversion from aversion to intertemporal substitution. The paper characterizes the … of the Ramsey discounting formula that takes into account confidence into future growth estimates and a measure of …

in the direction of “hyperbolic” or quasi-hyperbolic discounting. That is, individuals have a steeper discount rate for a … new task, many subjects exhibit “hypobolic” discounting, the opposite of the standard finding. This result does not appear … to be a consequence of payout risk. The result suggests that hyperbolic discounting may be subject to the framing 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 …

: hyperbolic discounting and short planning horizons. We show that, in contrast to the commonly accepted argument, in general … (except for the special case of logarithmic utility) a model with hyperbolic discounting is not observationally equivalent to … one with exponential discounting. We also show that our framework implies a hump-shaped saving rate dynamics that is …

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 …

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

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 …

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

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