of declining impatience in the generalized hyperbolic discount function; and (iii) the sign effect, in that future losses … for sophisticates. Third, the sign effect, too, shows an association with health-related behavior, although the …

of declining impatience in the generalized hyperbolic discount function; and (iii) the sign effect, in that future losses … than for sophisticates. Third, the sign effect, too, shows an association with health-related behavior, although the …

) borrowing aversion, captured by a sign effect - discounting future losses at a lower rate than future gains; and (iii … effect are negatively associated with debt holding. The marginal effect on debt of such a sign effect is larger in magnitude … only insignificant positive association between declining impatience and debt holding. Responses indicative of a sign …

discounting and the sign effect. Cigarette consumption displays significantly positive correlations with discount rates and the … procrastinating tendency, and negative correlations with the sign effect. Hyperbolic, procrastinating, and naïve respondents decrease …

on one of the best documented anomalies: sign effect or gain-loss asymmetry (Frederick et al., 2002; Loewenstein & Prelec …

payoffs are higher than those of distant future payoffs; and (iii) the sign effect, wherein future negative payoffs are …

discounted less) and the 'sign effect' (a loss is discounted less than a gain of the same magnitude). The literature has followed … Loewenstein and Prelec (1992) in attributing the magnitude effect to the increasing elasticity of the value function and the sign … effect to a higher elasticity for losses as compared to gains. We provide a simple, tractable, functional form that has these …