EconPapers    
Economics at your fingertips  
 

Bringing present bias back to the present

Alexis Direr

Working Papers from HAL

Abstract: A focused definition of present bias is proposed which takes preferences as primitives. A present biased individual over-weights immediate costs and benefits relative to those occurring at any point in the future. The definition allows to sort out previous confounds, such as decreasing impatience, choice reversal or short-term impatience. It intuitively connects to usual utility representations of present bias like the quasi-hyperbolic model of Laibson (1997) or the fixed cost model of Benhabib, Bisin and Schotter (2010). J.E.L. codes: D8, E21

Keywords: time preferences; decreasing impatience; present bias; short- term impatience (search for similar items in EconPapers)
Date: 2020-06-24
New Economics Papers: this item is included in nep-evo, nep-mac and nep-upt
Note: View the original document on HAL open archive server: https://hal.science/hal-02133525v3
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://hal.science/hal-02133525v3/document (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:wpaper:hal-02133525

Access Statistics for this paper

More papers in Working Papers from HAL
Bibliographic data for series maintained by CCSD ().

 
Page updated 2024-03-31
Handle: RePEc:hal:wpaper:hal-02133525