Present-bias, quasi-hyperbolic discounting, and fixed costs

By Jess Benhabib, Alberto Bisin, Andrew Schotter. Games Econ. Behav., 2010

398 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/d06fd68cfff142faf4c8f482730b1c1e52401e66

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Citations in the corpus

Estimating Time Preferences from Convex Budgets (2012, methodology): “(2008); Benhabib et al. (2010); Tanaka et al. (2010). (3)The MPL with monetary payments in economics was motivated and popularized by Coller and Williams (1999) and Harrison et al.”
Macroeconomics: A Survey of Laboratory Research (2016, methodology): “(2005) and Benhabib et al. (2010)).”
Self-Control at Work (2015, background): “Burger et al. (2009) pay students to study, and examine the impact of externally imposed deadlines and the relationship with willpower depletion; the deadlines actually lower performance.”
Willpower and the Optimal Control of Visceral Urges (2012, neutral): “Since W̄ > WH and therefore Ŵ > 0, (7) implies that λ (T ) = m0 3 Ŵ ́ > 0, which in turn implies that λ (t) > 0 for all t ≤ T.”
Good or Bad, We Want it Now: Fixed‐cost Present Bias for Gains and Losses Explains Magnitude Asymmetries in Intertemporal Choice (2012, background): “According to the theory of fixed-cost present bias (Benhabib et al., 2010), people are impatient, desiring to have good things right away.”
The neural correlates of subjective value during intertemporal choice (2007, positive): “Consistent with previous findings in a range of species 30 – 34 , the discount curves for all subjects were well–characterized by a hyperbolic function (median R 2 from scanning sessions = 0.95, range = 0.84–0.98): (1) where SV is subjective value (expressed here as a fraction of immediate value),…”
Revising Commitments: Field Evidence on the Adjustment of Prior Choices (2012, background): “…median violation is moderate in size in the sense that it could be made consistent with monotonicity with a reallocation of less than two tokens.25 Becker (1962) indicates that adherence with the law of demand is not a particularly stringent test of rationality because even random choice will, on…”
Timing and Self-Control (2012, background): “…of a smaller but still monotone gradual decline of interest rate with delay when real financial incentives are provided in the form of lotteries and adjustments are made for curvature; Benhabib, Bisin, and Schotter (2010) also found evidence of a gradual monotone decline using (small) cash rewards.”