Is Time-Discounting Hyperbolic or Subadditive?

By Daniel Read. 2001

448 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/81dfebfded1d9ce6332c7785a0aa95820ba7beaf

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Citations in the corpus

Declining Discount Rates: The Long and the Short of it (2005, background): “There are some dissenting voices, however, Read (2001) and Rubinstein (2003) offer other interpretations of the empirical evidence, Rubinstein (2003) presents his own experimental evidence that is not consistent with either constant or hyperbolic discounting, but is consistent with a…”
Survey of time preference, delay discounting models (2012, unknown): “…utility model can be generalized to time intervals that start in the future (at time t = 0), either with a power law on the interval, as modeled in Read (2001) and Section 3.3: k θ = (F m − f m ) / (T − t) θ (39) or with a power on each point in time itself: k θ = (F m − f m ) / (T θ − t θ…”
Global Warming and Hyperbolic Discounting (2004, background): “Read (2001) and Rubinstein (2003) offer other interpretations of this evidence.”
Intertemporal Tradeoffs for Gains and Losses: An Experimental Measurement of Discounted Utility (2010, unknown): “When utility is concave for gains, leading to an overestimation of 2 For findings challenging hyperbolic discounting see Read (2001) and Read et al. (2005). discount rates for gains, and closer to linear for losses, leading to less distortion of discount rates for losses, then the gain-loss…”
Subadditive versus hyperbolic discounting: A comparison of choice and matching (2003, methodology): “ Read (2001b) reported three experiments that disentangled interval length and delay by comparing tasks like A and C. None of the experiments (comprising 12 conditions) showed any evidence of increasing patience.”
The lure of choice (2003, background): “Other phenomena similar to the lure of choice have been variously described as subadditivity or eventsplitting effects (Fischhoff et al., 1978; Read, 2001; Rottenstreich & Tversky, 1997; Starmer & Sugden, 1993).”