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Decreasing Impatience: A Criterion for Non‐stationary Time Preference and “Hyperbolic” Discounting

Citations

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Cited by:

  1. Lahav, Eyal & Shavit, Tal & Benzion, Uri, 2016. "Can't wait to celebrate: Holiday euphoria, impulsive behavior and time preference," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 65(C), pages 128-134.
  2. Tristan Le Cotty & Elodie Maître d'Hôtel & Raphael Soubeyran & Julie Subervie, 2020. "Wait and sell: farmers' individual preferences and crop storage in Burkina Faso," Working Papers hal-01123355, HAL.
  3. Andersen, Steffen & Harrison, Glenn W. & Lau, Morten I. & Rutström, E. Elisabet, 2014. "Discounting behavior: A reconsideration," European Economic Review, Elsevier, vol. 71(C), pages 15-33.
  4. O'Donoghue, Ted & Rabin, Matthew, 2008. "Procrastination on long-term projects," Journal of Economic Behavior & Organization, Elsevier, vol. 66(2), pages 161-175, May.
  5. Lahav, Eyal & Benzion, Uri & Shavit, Tal, 2010. "Subjective time discount rates among teenagers and adults: Evidence from Israel," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(4), pages 458-465, August.
  6. Thomas Neukirchen & Matthias Klumpp, 2018. "Logistics Education and Behavioral Training Decisions, Time Distortion, and the Prae Ante View," Logistics, MDPI, vol. 2(4), pages 1-16, October.
  7. Marzilli Ericson, K. M. & White, J. M. & Laibson, David I. & Cohen, J. D., 2015. "Money Earlier or Later? Simple Heuristics Explain Intertemporal Choices Better Than Delay Discounting Does," Scholarly Articles 30367415, Harvard University Department of Economics.
  8. Jinrui Pan & Craig Webb & Horst Zank, 2013. "Discounting the Subjective Present and Future," Economics Discussion Paper Series 1305, Economics, The University of Manchester.
  9. László Á. Kóczy, 2010. "Strategic Aspects of the 1995 and 2004 EU Enlargements," Group Decision and Negotiation, Springer, vol. 19(3), pages 267-277, May.
  10. Matthias Sutter & Martin G. Kocher & Daniela Glätzle-Rützler & Stefan T. Trautmann, 2013. "Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior," American Economic Review, American Economic Association, vol. 103(1), pages 510-531, February.
  11. Jayson S. Jia & Uzma Khan & Ab Litt, 2015. "The Effect of Self-Control on the Construction of Risk Perceptions," Management Science, INFORMS, vol. 61(9), pages 2259-2280, September.
  12. Lima de Miranda, Katharina, 2019. "Mindfulness, preferences and well-being: Mindfulness predicts adolescents' field behaviour," Kiel Working Papers 2127, Kiel Institute for the World Economy.
  13. Viviana Ventre & Roberta Martino, 2022. "Quantification of Aversion to Uncertainty in Intertemporal Choice through Subjective Perception of Time," Mathematics, MDPI, vol. 10(22), pages 1-16, November.
  14. Tristan Le Cotty & Elodie Maître d’Hôtel & Raphael Soubeyran & Julie Subervie, 2018. "Linking Risk Aversion, Time Preference and Fertiliser Use in Burkina Faso," Journal of Development Studies, Taylor & Francis Journals, vol. 54(11), pages 1991-2006, November.
  15. Lades, Leonhard K., 2012. "Towards an incentive salience model of intertemporal choice," Journal of Economic Psychology, Elsevier, vol. 33(4), pages 833-841.
  16. Nina Anchugina & Matthew Ryan & Arkadii Slinko, 2016. "Aggregating time preferences with decreasing impatience," Papers 1604.01819, arXiv.org.
  17. Sergio Da Silva & Dinorá De Faveri & Ana Correa & Raul Matsushita, 2017. "High-income consumers may be less hyperbolic when discounting the future," Economics Bulletin, AccessEcon, vol. 37(3), pages 1421-1434.
  18. Chiaki Hara, 2019. "Heterogeneous Impatience of Individual Consumers and Decreasing Impatience of the Representative Consumer," KIER Working Papers 1009, Kyoto University, Institute of Economic Research.
  19. Drouhin, Nicolas, 2020. "Non-stationary additive utility and time consistency," Journal of Mathematical Economics, Elsevier, vol. 86(C), pages 1-14.
  20. Destefano, Natália & Martinez, Alexandre Souto, 2011. "The additive property of the inconsistency degree in intertemporal decision making through the generalization of psychophysical laws," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 390(10), pages 1763-1772.
  21. Anke Gerber & Kirsten I.M. Rohde, 2009. "Eliciting Discount Functions when Baseline Consumption changes over Time," Tinbergen Institute Discussion Papers 09-103/1, Tinbergen Institute, revised 20 Nov 2014.
  22. Krekel, Christian & MacKerron, George, 2023. "Back to Edgeworth? Estimating the Value of Time Using Hedonic Experiences," IZA Discussion Papers 16308, IZA Network @ LISER.
  23. Stefan A. Lipman & Arthur E. Attema, 2024. "A systematic review of unique methods for measuring discount rates," Journal of Risk and Uncertainty, Springer, vol. 69(2), pages 145-189, October.
  24. Bjarne Robberstad & John Cairns, 2007. "Time Preferences for Health in Northern Tanzania," PharmacoEconomics, Springer, vol. 25(1), pages 73-88, January.
  25. Daniele Pennesi, 2017. "Uncertain discount and hyperbolic preferences," Theory and Decision, Springer, vol. 83(3), pages 315-336, October.
  26. Nicolas Drouhin, 2016. "Non stationary additive utility and time consistency," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01238584, HAL.
  27. Caliendo, Frank N. & Findley, T. Scott, 2020. "Dynamic Consistency and Regret," Journal of Economic Behavior & Organization, Elsevier, vol. 173(C), pages 342-364.
  28. Nina Anchugina, 2017. "One-Switch Discount Functions," Papers 1702.02254, arXiv.org.
  29. Shavit, Tal & Rosenboim, Mosi & Shani, Yaniv, 2014. "Time preference before and after a risky activity – A field experiment," Journal of Economic Psychology, Elsevier, vol. 43(C), pages 30-36.
  30. André Lapied & Olivier Renault, 2012. "An Investigation of Time Consistency for Subjective Discontinued Utility," AMSE Working Papers 1210, Aix-Marseille School of Economics, France.
  31. Arthur E. Attema & Han Bleichrodt & Kirsten I. M. Rohde & Peter P. Wakker, 2010. "Time-Tradeoff Sequences for Analyzing Discounting and Time Inconsistency," Management Science, INFORMS, vol. 56(11), pages 2015-2030, November.
  32. Panagiotis Andrikopoulos & Nick Webber, 2019. "Understanding time-inconsistent heterogeneous preferences in economics and finance: a practice theory approach," Annals of Operations Research, Springer, vol. 282(1), pages 3-26, November.
  33. Billot, Antoine & Qu, Xiangyu, 2025. "Stationary altruism and time consistency," Journal of Economic Theory, Elsevier, vol. 228(C).
  34. Salvador Cruz Rambaud & Piedad Ortiz Fernández, 2020. "Delay Effect and Subadditivity. Proposal of a New Discount Function: The Asymmetric Exponential Discounting," Mathematics, MDPI, vol. 8(3), pages 1-14, March.
  35. David K. Levine & Drew Fudenberg, 2006. "A Dual-Self Model of Impulse Control," American Economic Review, American Economic Association, vol. 96(5), pages 1449-1476, December.
  36. W. David Bradford & Paul Dolan & Matteo M. Galizzi, 2019. "Looking ahead: Subjective time perception and individual discounting," Journal of Risk and Uncertainty, Springer, vol. 58(1), pages 43-69, February.
  37. Galizzi, Matteo M. & Miraldo, Marisa & Stavropoulou, Charitini & van der Pol, Marjon, 2016. "Doctor–patient differences in risk and time preferences: A field experiment," Journal of Health Economics, Elsevier, vol. 50(C), pages 171-182.
  38. Osiński, Jerzy & Karbowski, Adam, 2015. "Dyskontowanie nagród pieniężnych w czasie i w przestrzeni społecznej: studium eksperymentalne [Discounting of monetary rewards in time and in social space: experimental study]," MPRA Paper 69591, University Library of Munich, Germany.
  39. Hubert de La Bruslerie & Florent Pratlong, 2012. "La valeur psychologique du temps : une synthèse de la littérature," L'Actualité Economique, Société Canadienne de Science Economique, vol. 88(3), pages 361-400.
  40. Yu-Jui Huang & Zhou Zhou, 2017. "The Optimal Equilibrium for Time-Inconsistent Stopping Problems -- the Discrete-Time Case," Papers 1707.04981, arXiv.org, revised Dec 2018.
  41. Craig S. Webb, 2019. "Trichotomic discounted utility," Theory and Decision, Springer, vol. 87(3), pages 321-339, October.
  42. Dziewulski, Paweł, 2018. "Revealed time preference," Games and Economic Behavior, Elsevier, vol. 112(C), pages 67-77.
  43. Zou, Ziran & Chen, Shou & Wedge, Lei, 2014. "Finite horizon consumption and portfolio decisions with stochastic hyperbolic discounting," Journal of Mathematical Economics, Elsevier, vol. 52(C), pages 70-80.
  44. Stuart Baumann, 2019. "Putting It Off for Later: Procrastination and End of Fiscal Year Spending Spikes," Scandinavian Journal of Economics, Wiley Blackwell, vol. 121(2), pages 706-735, April.
  45. Hara, Chiaki, 2012. "Heterogeneous impatience and dynamic inconsistency," CIS Discussion paper series 557, Center for Intergenerational Studies, Institute of Economic Research, Hitotsubashi University.
  46. Kirsten I. M. Rohde, 2019. "Measuring Decreasing and Increasing Impatience," Management Science, INFORMS, vol. 65(4), pages 1700-1716, April.
  47. Han, Ruokang & Takahashi, Taiki, 2012. "Psychophysics of time perception and valuation in temporal discounting of gain and loss," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 391(24), pages 6568-6576.
  48. Obara, Ichiro & Park, Jaeok, 2017. "Repeated games with general discounting," Journal of Economic Theory, Elsevier, vol. 172(C), pages 348-375.
  49. Frikk Nesje & Paolo G. Piacquadio & Paolo Giovanni Piacquadio, 2025. "Intergenerational Discounting and Inequality," CESifo Working Paper Series 11630, CESifo.
  50. Anke Gerbe & Kirsten I.M. Rohde, 2010. "Risk and Preference Reversals in Intertemporal Choice," Post-Print hal-00911832, HAL.
  51. Irvine, Alastair & van der Pol, Marjon & Phimister, Euan, 2019. "A comparison of professional and private time preferences of General Practitioners," Social Science & Medicine, Elsevier, vol. 222(C), pages 256-264.
  52. Shotaro Shiba & Kazumi Shimizu, 2018. "Does time inconsistency differ between gain and loss? An intra-personal comparison using a non-parametric elicitation method (A revised version)," Working Papers 1807, Waseda University, Faculty of Political Science and Economics.
  53. Anchugina, Nina & Ryan, Matthew & Slinko, Arkadii, 2017. "Hyperbolic discounting of the far-distant future," Economics Letters, Elsevier, vol. 155(C), pages 140-143.
  54. Gerber, Anke & Rohde, Kirsten I.M., 2015. "Eliciting discount functions when baseline consumption changes over time," Journal of Economic Behavior & Organization, Elsevier, vol. 116(C), pages 56-64.
  55. Adrian Bruhin & Helga Fehr-Duda & Sean Hofland & Loukas Balafoutas, 2026. "The magnitude paradox," Journal of Risk and Uncertainty, Springer, vol. 72(1), pages 41-87, February.
  56. Zhou, Zhou & Jin, Zhuo, 2020. "Optimal equilibrium barrier strategies for time-inconsistent dividend problems in discrete time," Insurance: Mathematics and Economics, Elsevier, vol. 94(C), pages 100-108.
  57. Takanori Ida, 2014. "A quasi-hyperbolic discounting approach to smoking behavior," Health Economics Review, Springer, vol. 4(1), pages 1-11, December.
  58. Pennesi, Daniele, 2021. "Intertemporal discrete choice," Journal of Economic Behavior & Organization, Elsevier, vol. 186(C), pages 690-706.
  59. Salvador Cruz Rambaud & Viviana Ventre & Roberta Martino & Fabrizio Maturo & Annamaria Porreca, 2025. "Characterizing the Jellinek curve using a discounting model with time deformations," Humanities and Social Sciences Communications, Palgrave Macmillan, vol. 12(1), pages 1-9, December.
  60. Coury, Tarek & Dave, Chetan, 2010. ""Hyperbolic" discounting: A recursive formulation and an application to economic growth," Economics Letters, Elsevier, vol. 109(3), pages 193-196, December.
  61. Salvatore Greco & Diego Rago, 2023. "Discounting and Impatience," Papers 2309.14009, arXiv.org.
  62. Gerber, Anke & Rohde, Kirsten I.M., 2010. "Risk and preference reversals in intertemporal choice," Journal of Economic Behavior & Organization, Elsevier, vol. 76(3), pages 654-668, December.
  63. Alina Ferecatu & Ayse Önçüler, 2016. "Heterogeneous risk and time preferences," Journal of Risk and Uncertainty, Springer, vol. 53(1), pages 1-28, August.
  64. Salvador Cruz Rambaud & María José Muñoz Torrecillas, 2016. "Measuring Impatience in Intertemporal Choice," PLOS ONE, Public Library of Science, vol. 11(2), pages 1-17, February.
  65. Aurélien Baillon & Olivier L’Haridon, 2021. "Discrete Arrow–Pratt indexes for risk and uncertainty," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 72(4), pages 1375-1393, November.
  66. Ebert, Sebastian & Wei, Wei & Zhou, Xun Yu, 2020. "Weighted discounting—On group diversity, time-inconsistency, and consequences for investment," Journal of Economic Theory, Elsevier, vol. 189(C).
  67. Becchetti, Leonardo & Solferino, Nazaria & Tessitore, Maria Elisabetta, 2015. "Some Insights on Procrastination: A Curse or a Productive Art?," Review of Behavioral Economics, now publishers, vol. 2(4), pages 331-351, December.
  68. Anchugina, Nina & Ryan, Matthew & Slinko, Arkadii, 2019. "Mixing discount functions: Implications for collective time preferences," Mathematical Social Sciences, Elsevier, vol. 102(C), pages 1-14.
  69. Jane E. J. Ebert & Drazen Prelec, 2007. "The Fragility of Time: Time-Insensitivity and Valuation of the Near and Far Future," Management Science, INFORMS, vol. 53(9), pages 1423-1438, September.
  70. Bayer, Ya'akov M. & Shapir, Offer Moshe & Shapir-Tidhar, Michal H. & Shtudiner, Zeev, 2024. "Navigating the financial fog: The impact of pandemic priming on economic decisions and future valuations," Journal of Behavioral and Experimental Finance, Elsevier, vol. 44(C).
  71. Leonhard K. Lades & Wilhelm Hofmann, 2019. "Temptation, self-control, and inter-temporal choice," Journal of Bioeconomics, Springer, vol. 21(1), pages 47-70, April.
  72. Shotaro Shiba & Kazumi Shimizu, 2017. "Does Time Inconsistency Differ between Gain and Loss? An Intra-Personal Comparison Using a Non-Parametric Designed Experimen," Working Papers 1714, Waseda University, Faculty of Political Science and Economics.
  73. Bayer, Ya‘akov M. & Shtudiner, Zeev & Suhorukov, Oxsana & Grisaru, Nimrod, 2019. "Time and risk preferences, and consumption decisions of patients with clinical depression," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 78(C), pages 138-145.
  74. Wojciech Rybicki, 2012. "Discounting and ideas of intergenerational equity and sustainability," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 22(1), pages 63-84.
  75. Green, Gareth P. & Richards, Timothy J., 2018. "Discounting Environmental Goods," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 43(2), May.
  76. Stefan A Lipman & Arthur E Attema, 2020. "Good things come to those who wait—Decreasing impatience for health gains and losses," PLOS ONE, Public Library of Science, vol. 15(3), pages 1-15, March.
  77. Han Bleichrodt & Yu Gao & Kirsten I. M. Rohde, 2016. "A measurement of decreasing impatience for health and money," Journal of Risk and Uncertainty, Springer, vol. 52(3), pages 213-231, June.
  78. Jim Engle-Warnick & Julie Héroux & Claude Montmarquette, 2009. "Willingness to Pay to Reduce Future Risk," CIRANO Working Papers 2009s-37, CIRANO.
  79. Yu-Jui Huang & Adrien Nguyen-Huu, 2018. "Time-consistent stopping under decreasing impatience," Finance and Stochastics, Springer, vol. 22(1), pages 69-95, January.
  80. Leonardo Becchetti & Luisa Corrado & Pierluigi Conzo, 2013. "Sociability, Altruism and Subjective Well-Being," CEIS Research Paper 270, Tor Vergata University, CEIS, revised 29 Mar 2013.
  81. Christopher P. Chambers & Federico Echenique & Alan D. Miller, 2023. "Decreasing Impatience," American Economic Journal: Microeconomics, American Economic Association, vol. 15(3), pages 527-551, August.
  82. John Quah & Bruno Strulovici, 2011. "Discounting, Patience, and Dynamic Decision Making," Economics Series Working Papers 555, University of Oxford, Department of Economics.
  83. David Laibson, 1997. "Golden Eggs and Hyperbolic Discounting," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 443-478.
  84. Shavit, Tal & Lahav, Eyal & Benzion, Uri, 2013. "Factors affecting soldiers’ time preference: A field study in Israel," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 44(C), pages 75-84.
  85. Takanori Ida, 2012. "Impatience and Immediacy: A Quasi-Hyperbolic Discounting Approach to Smoking Behavior," Discussion papers e-11-010, Graduate School of Economics Project Center, Kyoto University.
  86. Timothy Richards & Gareth Green, 2015. "Environmental Choices and Hyperbolic Discounting: An Experimental Analysis," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 62(1), pages 83-103, September.
  87. Shotaro Shiba & Kazumi Shimizu, 2020. "Does time inconsistency differ between gain and loss? An intra-personal comparison using a non-parametric elicitation method," Theory and Decision, Springer, vol. 88(3), pages 431-452, April.
  88. Wujin Chu & Hyunsik Kim & Meeja Im, 2021. "Patience and the adoption of electric vehicles: an application of the dual-self model," Journal of Business Economics, Springer, vol. 91(6), pages 851-866, August.
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