This study investigates the dynamics of a stochastic hyperbolic discounting model in a continuous-time framework to …

practice and predicts a wide range of real-world behaviors, creating a need to understand what generates the hyperbolic pattern …. We provide evidence that hyperbolic discounting reflects mistakes that are driven by the complexity of evaluating delayed …, complexity-driven mistakes would cause them to make hyperbolic choices. We examine which experimental techniques to estimate …

, emphasizing the need to meet asset goals by 65. Hyperbolic discounting, driven by present-biased preferences, often hinders this … varying impacts of hyperbolic discounting across different wealth levels. This study addresses these gaps by analyzing data … into four levels: JPY 20 million, JPY 30 million, JPY 50 million, and JPY 100 million. The results show that hyperbolic …