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Home Publications Never mind the hyperbolics: nonparametric analysis of time-inconsistent preferences

Never mind the hyperbolics: nonparametric analysis of time-inconsistent preferences

IFS Working Paper W14/17

We investigate necessary and sufficient nonparametric conditions for the quasi-hyperbolic consumer. These turn out to be quite tractable. We investigate the performance of this model compared to the standard exponential discounting model using consumer panel data.