Time, Self, and Intertemporal Choice

Time, Self, and Intertemporal Choice

Neuroscientific studies of intertemporal choice (IC) have focused mainly on the neural representation of self-control mechanisms and valuation. This reflects what has been considered as the core of the IC phenomenon. The claim of this paper is that deviations from exponential reward discounting as a function of time might be fully accounted for by the deviation of subjective time from calendar ...

Valuation, Intertemporal Choice, and Self-Control

Most decisions have future consequences, effects that are delayed in time relative to when the choice is made. Deciding to make a large purchase, or deciding to make a small adjustment to your retirement contribution, can affect your consumption patterns for months or years into the future. Choices about diet, exercise and smoking all have consequential longterm effects on health. A one-time de...

On Intertemporal Choice, Rationality, and Time Consistency∗

This paper is inspired by the literature on procrastination in behavioral economics. I develop a general framework in order to define time consistent choice formally. The distinction between static and dynamic rationality is made and conditions are derived under which choice is time consistent. Journal of Economic Literature Classification Number: D90.

Time Horizons, Discounting, and Intertemporal Choice

Intertemporal Choice