Time preferences that do not satisfy stationarity are a form of projection bias: the individual is unable to predict how their preferences will change when they reach a future time period.
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Q3: The full additive model does not assume
Q4: Graham gets 10 units of utility
Q5: The discount factor,
Q6: Consider a fully additive model with
Q7: Exponential time discounting implies stationarity.
Q9: Consumption smoothing implies that if the discount
Q10: An individual with present biased preferences must
Q11: Quasi-hyperbolic discounting is a two-part time discount
Q12: One behavioral feature of a naïve quasi-hyperbolic
Q13: Delay-speedup asymmetry refers to the finding that
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