Learn how intertemporal choice influences both personal and business finance decisions today, shaping future opportunities ...

Existing models of intertemporal choice such as discounted utility (also known as constant or exponential discounting), quasi-hyperbolic discounting and generalized hyperbolic discounting are not ...

Discover how neuroeconomics connects economics, psychology, and neuroscience to decode decision-making processes, bridging the gap in economic theories.

We here estimate a number of alternatives to discounted-utility theory, such as quasi-hyperbolic discounting, generalized hyperbolic discounting, and rank-dependent discounted utility with three ...

Enke, Benjamin, and Thomas Graeber. "Cognitive Uncertainty in Intertemporal Choice." NBER Working Paper Series, No. 29577, December 2021. (R&R at The Quarterly Journal of Economics.) ...

An Excel workbook called IntertemporalChoice.xls provides a more advanced example of how to use Solver and the Comparative Statics Wizard. The workbook sets up the Lucas-Rapping Intertemporal Labor ...