Intertemporal tradeoffs play a key role in many personal decisions and policy questions. We
describe models of intertemporal choice, identify empirical regularities in choice, and pose …

This paper documents a large association between individuals' time discounting in
incentivized experiments and their positions in the real-life wealth distribution derived from …

We examine 220 estimates of the present-bias parameter from 28 articles using the Convex
Time Budget protocol. The literature shows that people are on average present-biased, but …

We usually assume purchasers of commodities experience utility at the point of transacting a
purchase, when money and ownership are exchanged. With charitable giving, the social …

This paper examines the effects of alternative assumptions regarding the curvature of utility
upon estimated discount rates in experimental data. To do so, it introduces a novel design to …

How should the design of incentives vary with agent time preferences? We develop two
predictions. First,“bundling” the payment function over time–specifically by making the …

Recent work in behavioral economics has shown that stress increases choices of smaller,
sooner gains relative to larger, later monetary gains. The simplest model that explains these …

ABSTRACT A large literature shows that people discount financial rewards hyperbolically
instead of exponentially. While discounting of money has been questioned as a measure of …

This study examines inter-temporal distribution decisions on private payments and
donations during the coronavirus pandemic. We simultaneously measured individual …

This paper studies the relevance of cognitive uncertainty–subjective uncertainty over one's
utility-maximizing action–for understanding and predicting intertemporal choice. The main …