Bradford, W. David; Dolan, Paul; Galizzi, Matteo M. - Centre for Economic Performance, LSE - 2014
Time discounting is at the heart of economic decision-making. We disentangle hyperbolic discounting from subjective … ahead to future events. The first is that some component of time preferences reflect hyperbolic discounting. The second … existing estimates of individual discounting will be mis-measured and incorrectly suggest "hyperbolic" discounting, even if …