Workers who are more impatient search less intensively and set lower reservation wages. The effect of impatience on exit rates...
This paper discusses the discounted utility (DU) model: its historical development, underlying assumptions, and "anomalies" - the empirical regularities that...
The authors examine self-control problems--modeled as time-inconsistent, present-biased preferences--in a model where a person must do an activity exactly once....
Laboratory and field studies of time preference find that discount rates are much greater in the short run than in...
Americans have become considerably more obese over the past 25 years. This increase is primarily the result of consuming more...
Quasi-hyperbolic discounting predicts impatience over short-run tradeoffs. I present a direct non-laboratory test of this implication using data on the...
According to adaptation theory, individuals react to events but quickly adapt back to baseline levels of subjective well-being. To test...
Summary. Divorce is a leap in the dark. The paper investigates whether people who split up actually become happier. Using...
Economists have a well-established framework for understanding the welfare consequences of taxing goods that don’t create externalities. Taxes create dead-weight...
Watching TV is a major human activity. Because of its immediate benefits at negligible immediate marginal costs it is for...