Intertemporal choice examines how individuals weigh rewards available at different points in time, while delay discounting quantifies the tendency to devalue future rewards in favour of more immediate ...

People tend to attach less value to a good if they know a delay will occur before they obtain it. For example, people value receiving $100 tomorrow more than receiving $100 in 10 years. We explored ...

We study collective choice when individuals have heterogeneous discounted utilitarian preferences. Two attractive properties of intertemporal preferences are indistinguishable for individuals, but ...

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.) ...

Financial word of the day: Intertemporalization explains how economic and investment decisions are made across time, not just today. It shows why future money is worth less than present money and how ...