Hyperbolic Discounting and Self-Destructive Behaviors

Shinsuke Ikeda

Chapter Chapter 3 in The Economics of Self-Destructive Choices, 2016, pp 43-65 from Springer

Abstract: Abstract In the previous chapter, I explained that people’s degrees of impatience are affected by various choice conditions and frames, all of which cause a variety of anomalous phenomena in their intertemporal choices and behaviors that traditional economics cannot explain. In this chapter, I shall deal with hyperbolic discounting or present bias. As explained in Chap. 1 , under hyperbolic discounting, more immediate gratifications are discounted at higher discount rates, and people are less patient in waiting for less delayed rewards.

Keywords: Discount Rate; Discount Function; Hyperbolic Discount; Time Discount; Exponential Discount (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1007/978-4-431-55793-7_3

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