Behavioral Economics

The Fully Additive Mode

Discounting in Continuous Time

Why Would Discounting Be Stable?

Naïve Hyperbolic Discounting

Naïve Quasi-Hyperbolic Discounting

The Common Difference Effect

The Absolute Magnitude Effect

Discounting with a Prospect-Theory Value Function

History and Notes

Biographical Note: Robert H. Strotz

Thought Questions

References