We propose an evolutionary explanation for the pattern of intertemporal preference reversals often ascribed to "hyperbolic discounting." We take the view that preferences—manifested, for example, in urges, cravings, and inclinations— are the outcome of evolutionary forces, and so will induce...

Intro; Table of Contents; In Memoriam: Kenneth Joseph Arrow (1921-2017); Foreword, by Robert M. Solow; Preface; Random Thoughts on "Birth and Death," by Kenneth J. Arrow; Birth and Death: Arrow Lecture; 1. Economic Demography; 2. Utilitarian Ethics; 3. Ends and Means; 4. Synopsis; Part I: Foundations;...