contribute to our understanding of these issues by postulating a model of income uncertainty within a hyperbolic discounting …/value In traditional exponential discounting, the marginal rate of substitution of consumption between two points depends only …, hyperbolic discounting better fits the data. The authors model choice under uncertainty and focus on the costs caused when …

In this paper I propose a time-consistent method of discounting hyperbolically and apply it to three canonical … then compare results with those for conventional exponential discounting using the normalization that both methods provide …, time-consistent hyperbolic discounting leads always to a steady state of maximum yield, or, if the environment enters the …

In this paper I propose a time-consistent method of discounting hyperbolically that contains the discount rate implied … by Gamma discounting as a special case. I apply the discounting method to three canonical environmental problems: (i … with those for conventional exponential discounting using the normalization that both methods provide the same present …

performance. Results from a laboratory experiment corroborate this prediction. This paper highlights the limits of monetary …

is known, however, about discounting when there are trade-offs between own and others' consumption. In this paper, we … a longitudinal experiment, subjects make a series of intertemporal allocation decisions of real-effort tasks for varying …

a longitudinal experiment participants make a series of intertemporal allocation decisions of real-effort tasks between … of present bias across contexts. Discounting in social situations thus seems to be conceptually different from … discounting in individual situations. …

interpersonal trade-offs. In a longitudinal experiment subjects make a series of intertemporal allocation decisions of real …