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Hyperbolic Discounting and Self-Destructive Behaviors

  • Shinsuke Ikeda
Chapter
Part of the Advances in Japanese Business and Economics book series (AJBE, volume 10)

Abstract

In the previous chapter, I explained that people’s degrees of impatience are affected by various choice conditions and frames, all of which cause a variety of anomalous phenomena in their intertemporal choices and behaviors that traditional economics cannot explain. In this chapter, I shall deal with hyperbolic discounting or present bias. As explained in Chap.  1, under hyperbolic discounting, more immediate gratifications are discounted at higher discount rates, and people are less patient in waiting for less delayed rewards.

Keywords

Discount Rate Discount Function Hyperbolic Discount Time Discount Exponential Discount 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Japan 2016

Authors and Affiliations

  • Shinsuke Ikeda
    • 1
  1. 1.Institute of Social and Economic ResearchOsaka UniversityIbarakiJapan

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