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Modeling Myopic Decisions: Evidence for Hyperbolic Delay-Discounting within Subjects and Amounts

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Cited by:

  1. Christopher Y. Olivola & Stephanie W. Wang, 2016. "Patience auctions: the impact of time vs. money bidding on elicited discount rates," Experimental Economics, Springer;Economic Science Association, vol. 19(4), pages 864-885, December.
  2. Li-Wei Chao & Helena Szrek & Nuno Sousa Pereira & Mark V. Pauly, 2007. "Time Preference and Its Relationship with Age, Health, and Survival Probability," CEF.UP Working Papers 0706, Universidade do Porto, Faculdade de Economia do Porto.
  3. Yusuke Kinari & Fumio Ohtake & Yoshiro Tsutsui, 2009. "Time discounting: Declining impatience and interval effect," Journal of Risk and Uncertainty, Springer, vol. 39(1), pages 87-112, August.
  4. Yamane, Shoko & Yoneda, Hiroyasu & Takahashi, Taiki & Kamijo, Yoshio & Komori, Yasuhiro & Hiruma, Fumihiko & Tsutsui, Yoshiro, 2013. "Smokers, smoking deprivation, and time discounting," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 45(C), pages 47-56.
  5. Wang, Mei & Rieger, Marc Oliver & Hens, Thorsten, 2016. "How time preferences differ: Evidence from 53 countries," Journal of Economic Psychology, Elsevier, vol. 52(C), pages 115-135.
  6. Li-Wei Chao & Helena Szrek & Nuno Sousa Pereira & Mark V. Pauly, 2009. "Time preference and its relationship with age, health, and survival probability," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 4(1), pages 1-19, February.
  7. James M. Poterba & Steven F. Venti, 1998. "Personal Retirement Saving Programs and Asset Accumulation: Reconciling the Evidence," NBER Chapters, in: Frontiers in the Economics of Aging, pages 23-124, National Bureau of Economic Research, Inc.
  8. Stein T. Holden & Dag Einar Sommervoll & Mesfin Tilahun, 2022. "Mental Zooming as Variable Asset Integration in Inter-Temporal Choice," International Journal of Applied Behavioral Economics (IJABE), IGI Global, vol. 11(1), pages 1-21, January.
  9. Drazen Prelec, 2004. "Decreasing Impatience: A Criterion for Non‐stationary Time Preference and “Hyperbolic” Discounting," Scandinavian Journal of Economics, Wiley Blackwell, vol. 106(3), pages 511-532, October.
  10. Shunichiro Sasaki & Shiyu Xie & Shinsuke IkedaAuthor-Name: & Jie Qin & Yoshiro Tsutsui, 2008. "Time Discounting: The Delay Effect and Procrastinating Behavior," ISER Discussion Paper 0726, Institute of Social and Economic Research, Osaka University.
  11. Christos A. Ioannou & Jana Sadeh, 2016. "Time preferences and risk aversion: Tests on domain differences," Journal of Risk and Uncertainty, Springer, vol. 53(1), pages 29-54, August.
  12. Oksana Tokarchuk, 2008. "Construction of time preference: an investigation of the role of elicitation method in experimental elicitation of time preference," DISA Working Papers 0808, Department of Computer and Management Sciences, University of Trento, Italy, revised 11 Nov 2008.
  13. Andrew Meyer, 2013. "Estimating discount factors for public and private goods and testing competing discounting hypotheses," Journal of Risk and Uncertainty, Springer, vol. 46(2), pages 133-173, April.
  14. Takeuchi, Kan, 2011. "Non-parametric test of time consistency: Present bias and future bias," Games and Economic Behavior, Elsevier, vol. 71(2), pages 456-478, March.
  15. Wu, Tian & Shang, Zhe & Tian, Xin & Wang, Shouyang, 2016. "How hyperbolic discounting preference affects Chinese consumers’ consumption choice between conventional and electric vehicles," Energy Policy, Elsevier, vol. 97(C), pages 400-413.
  16. Lloyd-Smith, Patrick & Adamowicz, Wiktor & Entem, Alicia & Fenichel, Eli P. & Rouhi Rad, Mani, 2021. "The decade after tomorrow: Estimation of discount rates from realistic temporal decisions over long time horizons," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 158-174.
  17. Marjon van der Pol & John Cairns, 2011. "Descriptive validity of alternative intertemporal models for health outcomes: an axiomatic test," Health Economics, John Wiley & Sons, Ltd., vol. 20(7), pages 770-782, July.
  18. Macchia, Lucía & Plagnol, Anke C. & Reimers, Stian, 2018. "Does experience with high inflation affect intertemporal decision making? Sensitivity to inflation rates in Argentine and british delay discounting choices," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 75(C), pages 76-83.
  19. George-Marios Angeletos, 2001. "The Hyberbolic Consumption Model: Calibration, Simulation, and Empirical Evaluation," Journal of Economic Perspectives, American Economic Association, vol. 15(3), pages 47-68, Summer.
  20. Jane E. J. Ebert & Drazen Prelec, 2007. "The Fragility of Time: Time-Insensitivity and Valuation of the Near and Far Future," Management Science, INFORMS, vol. 53(9), pages 1423-1438, September.
  21. Laurent Denant-Boemont & Enrico Diecidue & Olivier l’Haridon, 2017. "Patience and time consistency in collective decisions," Experimental Economics, Springer;Economic Science Association, vol. 20(1), pages 181-208, March.
  22. Aronsson, Thomas & Sjögren, Tomas, 2014. "Tax policy and present-biased preferences: Paternalism under international capital mobility," Journal of Economic Behavior & Organization, Elsevier, vol. 106(C), pages 298-316.
  23. Tam, Leona & Dholakia, Utpal M., 2011. "Delay and duration effects of time frames on personal savings estimates and behavior," Organizational Behavior and Human Decision Processes, Elsevier, vol. 114(2), pages 142-152, March.
  24. Read, Daniel & Roelofsma, Peter H. M. P., 2003. "Subadditive versus hyperbolic discounting: A comparison of choice and matching," Organizational Behavior and Human Decision Processes, Elsevier, vol. 91(2), pages 140-153, July.
  25. Lu, Yang & Zhuang, Xintian, 2014. "The impact of gender and working experience on intertemporal choices," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 409(C), pages 146-153.
  26. repec:cup:judgdm:v:4:y:2009:i:1:p:1-19 is not listed on IDEAS
  27. Mohammed Abdellaoui & Cédric Gutierrez & Emmanuel Kemel, 2018. "Temporal discounting of gains and losses of time: An experimental investigation," Journal of Risk and Uncertainty, Springer, vol. 57(1), pages 1-28, August.
  28. Carlos Uribe-Teran & Santiago Mosquera, 2019. "Structural factors, global shocks and sovereign debt credit ratings," Journal of Economics and Finance, Springer;Academy of Economics and Finance, vol. 43(1), pages 104-126, January.
  29. Jindrich Matousek & Tomas Havranek & Zuzana Irsova, 2022. "Individual discount rates: a meta-analysis of experimental evidence," Experimental Economics, Springer;Economic Science Association, vol. 25(1), pages 318-358, February.
  30. Deck, Cary & Jahedi, Salar, 2015. "An experimental investigation of time discounting in strategic settings," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 54(C), pages 95-104.
  31. N Schweighofer & K Shishida & C E Han & Y Okamoto & S C Tanaka & S Yamawaki & K Doya, 2006. "Humans Can Adopt Optimal Discounting Strategy under Real-Time Constraints," PLOS Computational Biology, Public Library of Science, vol. 2(11), pages 1-8, November.
  32. Cary Deck & Salar Jahedi, 2014. "People Do Not Discount Heavily in Strategic Settings, but They Believe Others Do," Working Papers 14-11, Chapman University, Economic Science Institute.
  33. Steinhorst, Martin P. & Bahrs, Enno, 2012. "Renditeansprüche Im Kontext Gleichmäßiger Rückflüsse Ergebnisse Eines Experiments Mit Stakeholdern Des Agribusiness," 52nd Annual Conference, Stuttgart, Germany, September 26-28, 2012 137390, German Association of Agricultural Economists (GEWISOLA).
  34. Akesaka, Mika, 2019. "Change in time preferences: Evidence from the Great East Japan Earthquake," Journal of Economic Behavior & Organization, Elsevier, vol. 166(C), pages 239-245.
  35. W. David Bradford & Paul Dolan & Matteo M. Galizzi, 2019. "Looking ahead: Subjective time perception and individual discounting," Journal of Risk and Uncertainty, Springer, vol. 58(1), pages 43-69, February.
  36. Epper, Thomas, 2015. "Income Expectations, Limited Liquidity, and Anomalies in Intertemporal Choice," Economics Working Paper Series 1519, University of St. Gallen, School of Economics and Political Science.
  37. Andersen, Steffen & Harrison, Glenn W. & Lau, Morten I. & Rutström, E. Elisabet, 2014. "Discounting behavior: A reconsideration," European Economic Review, Elsevier, vol. 71(C), pages 15-33.
  38. Takuya Katauke & Sayaka Fukuda & Mostafa Saidur Rahim Khan & Yoshihiko Kadoya, 2023. "Financial Literacy and Impulsivity: Evidence from Japan," Sustainability, MDPI, vol. 15(9), pages 1-14, April.
  39. do Nascimento, José Cláudio, 2021. "The personal wealth importance to the intertemporal choice," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 565(C).
  40. Ted O'Donoghue & Matthew Rabin, 2001. "Risky Behavior among Youths: Some Issues from Behavioral Economics," NBER Chapters, in: Risky Behavior among Youths: An Economic Analysis, pages 29-68, National Bureau of Economic Research, Inc.
  41. László Á. Kóczy, 2010. "Strategic Aspects of the 1995 and 2004 EU Enlargements," Group Decision and Negotiation, Springer, vol. 19(3), pages 267-277, May.
  42. Cruz Rambaud, Salvador & Parra Oller, Isabel María & Valls Martínez, María del Carmen, 2018. "The amount-based deformation of the q-exponential discount function: A joint analysis of delay and magnitude effects," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 508(C), pages 788-796.
  43. Kirsten Rohde, 2010. "The hyperbolic factor: A measure of time inconsistency," Journal of Risk and Uncertainty, Springer, vol. 41(2), pages 125-140, October.
  44. Weber, Bethany J. & Chapman, Gretchen B., 2005. "The combined effects of risk and time on choice: Does uncertainty eliminate the immediacy effect? Does delay eliminate the certainty effect?," Organizational Behavior and Human Decision Processes, Elsevier, vol. 96(2), pages 104-118, March.
  45. Karna Basu, 2011. "Hyperbolic Discounting and the Sustainability of Rotational Savings Arrangements," American Economic Journal: Microeconomics, American Economic Association, vol. 3(4), pages 143-171, November.
  46. Lu, Yang & Wu, Dongmei & Zhuang, Xintian, 2016. "Part-whole bias in intertemporal choice: An empirical study of additive assumption," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 463(C), pages 231-235.
  47. Jeffery L. Guyse & L. Robin Keller & Candice H. Huynh, 2020. "Valuing Sequences of Lives Lost or Saved Over Time: Preference for Uniform Sequences," Decision Analysis, INFORMS, vol. 17(1), pages 24-38, March.
  48. Salvador Cruz Rambaud & Piedad Ortiz Fernández, 2020. "Delay Effect and Subadditivity. Proposal of a New Discount Function: The Asymmetric Exponential Discounting," Mathematics, MDPI, vol. 8(3), pages 1-14, March.
  49. Steinhorst, M.P. & Bahrs, E., 2013. "Renditansprüche im Kontext gleichmäßiger Rückflüsse – Ergebnisse eines Experiments mit Stakeholdern des Agribusiness," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 48, March.
  50. Musau, Andrew, 2009. "Modeling Alternatives to Exponential Discounting," MPRA Paper 16416, University Library of Munich, Germany.
  51. Galizzi, Matteo M. & Miraldo, Marisa & Stavropoulou, Charitini & van der Pol, Marjon, 2016. "Doctor–patient differences in risk and time preferences: A field experiment," Journal of Health Economics, Elsevier, vol. 50(C), pages 171-182.
  52. George Ainslie, 2012. "Pure hyperbolic discount curves predict “eyes open” self-control," Theory and Decision, Springer, vol. 73(1), pages 3-34, July.
  53. Steffen Andersen & Glenn W. Harrison & Morten I. Lau & E. Elisabet Rutström, 2013. "Discounting Behaviour and the Magnitude Effect: Evidence from a Field Experiment in Denmark," Economica, London School of Economics and Political Science, vol. 80(320), pages 670-697, October.
  54. Charles Courtemanche & Garth Heutel & Patrick McAlvanah, 2015. "Impatience, Incentives and Obesity," Economic Journal, Royal Economic Society, vol. 125(582), pages 1-31, February.
  55. Kumar, Pradeep & Kant, Shashi, 2019. "Endogenous time preferences of forest goods and community-based forest management," Ecological Economics, Elsevier, vol. 163(C), pages 205-214.
  56. Gerber, Anke & Rohde, Kirsten I.M., 2010. "Risk and preference reversals in intertemporal choice," Journal of Economic Behavior & Organization, Elsevier, vol. 76(3), pages 654-668, December.
  57. Jos'e Cl'audio do Nascimento, 2019. "Rational hyperbolic discounting," Papers 1910.05209, arXiv.org, revised Feb 2020.
  58. Emmanouil Mentzakis & Jana Sadeh, 2021. "Experimental evidence on the effect of incentives and domain in risk aversion and discounting tasks," Journal of Risk and Uncertainty, Springer, vol. 62(3), pages 203-224, June.
  59. BONAN Jacopo & LEMAY-BOUCHER Philippe & SCOTT Douglas & TENIKUE Michel, 2017. "Can Hypothetical Time Discounting Rates Predict Actual Behaviour: Evidence from a Randomized Experiment," LISER Working Paper Series 2017-03, Luxembourg Institute of Socio-Economic Research (LISER).
  60. Meyer, Andrew G., 2015. "The impacts of elicitation mechanism and reward size on estimated rates of time preference," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 58(C), pages 132-148.
  61. Amanda R. Carrico & Heather Barnes Truelove & Nicholas E. Williams, 2019. "Social capital and resilience to drought among smallholding farmers in Sri Lanka," Climatic Change, Springer, vol. 155(2), pages 195-213, July.
  62. Dogbe, Wisdom & Gil, José M., 2019. "Linking risk attitudes, time preferences, and body mass index in Catalonia," Economics & Human Biology, Elsevier, vol. 35(C), pages 73-81.
  63. Shi Yingnan & Xinghao Li, 2017. "The Time Preference of Chinese Tend to be Less Affected by Positive Emotions: As Proved by an Experimental Study," Journal of Economics and Behavioral Studies, AMH International, vol. 9(4), pages 201-216.
  64. Philip A. Horvath & Amit K. Sinha, 2012. "Is hyperbolic discounting really evidence of irrational behavior?," Quantitative Finance, Taylor & Francis Journals, vol. 13(5), pages 665-670, October.
  65. McAlvanah, Patrick, 2010. "Subadditivity, patience, and utility: The effects of dividing time intervals," Journal of Economic Behavior & Organization, Elsevier, vol. 76(2), pages 325-337, November.
  66. Walid Merouani & Nacer-Eddine Hammouda & Claire El Moudden, 2018. "Do myopia and asymmetric information matter in the demand for social insurance?," Working Papers 1212, Economic Research Forum, revised 28 Jun 2018.
  67. Ioannou , Christos A. & Sadeh, Jana, 2014. "Time Preferences and Risk Aversion: Tests on Domain Differences," Discussion Paper Series In Economics And Econometrics 1422, Economics Division, School of Social Sciences, University of Southampton.
  68. Jos'e Cl'audio do Nascimento, 2019. "Decision-making and Fuzzy Temporal Logic," Papers 1901.01970, arXiv.org, revised Feb 2019.
  69. Alessandro Pallucchini & Marco Carli & Marco Scarselli & Icro Maremmani & Giulio Perugi, 2021. "Symptomatological Variants and Related Clinical Features in Adult Attention Deficit Hyperactive Disorder," IJERPH, MDPI, vol. 18(3), pages 1-13, January.
  70. Renata M. Heilman & Petko Kusev & Mircea Miclea & Joseph Teal & Rose Martin & Alessia Passanisi & Ugo Pace, 2021. "Are Impulsive Decisions Always Irrational? An Experimental Investigation of Impulsive Decisions in the Domains of Gains and Losses," IJERPH, MDPI, vol. 18(16), pages 1-14, August.
  71. Anke Gerbe & Kirsten I.M. Rohde, 2010. "Risk and Preference Reversals in Intertemporal Choice," Post-Print hal-00911832, HAL.
  72. Jeffery L. Guyse & Jay Simon, 2011. "Consistency Among Elicitation Techniques for Intertemporal Choice: A Within-Subjects Investigation of the Anomalies," Decision Analysis, INFORMS, vol. 8(3), pages 233-246, September.
  73. Vasquez-Lavín, Felipe & Ponce Oliva, Roberto D. & Hernández, José Ignacio & Gelcich, Stefan & Carrasco, Moisés & Quiroga, Miguel, 2019. "Exploring dual discount rates for ecosystem services: Evidence from a marine protected area network," Resource and Energy Economics, Elsevier, vol. 55(C), pages 63-80.
  74. Benhabib, Jess & Bisin, Alberto & Schotter, Andrew, 2010. "Present-bias, quasi-hyperbolic discounting, and fixed costs," Games and Economic Behavior, Elsevier, vol. 69(2), pages 205-223, July.
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