, including portfolio theory, accounting, cost of capital, capital structure, compensation, and macroeconomics …

This paper summarizes studies that investigated the relation between temporal discounting and alcohol consumption. The … drinkers and problem drinkers both showed higher rates of temporal discounting than light drinkers, and this difference was … temporal discounting than an exponential function. A third study evaluated predictors of relapse and continued resolution in …

discounting. A commonly recognized bias of standard elicitation techniques is the use of linear preferences for identification … utility function curvature. We present a new methodology for identifying time preferences, both discounting and utility … obtained, dynamically consistent discounting, and limited though significant utility function curvature …

thereafter, which is inconsistent with exponential discounting but consistent with hyperbolic discounting. The implied marginal … rate of time preference declines and then rises. Estimates of the quasi-hyperbolic discounting parameter range from 0.48 to …

, which can account for many of the known intertemporal choice anomalies, to discounting models. We conduct an out …-of-sample, cross-validated comparison of intertemporal choice models. Heuristic models outperform traditional utility discounting … models, including models of exponential and hyperbolic discounting. The best performing models predict choices by using a …