Cited by 6,122Decision-Making and Behavioral EconomicsFinancial Literacy, Pension, Retirement AnalysisEconomic theories and models

The DOI matches its Crossref record; 33 of the 112 references it cites were found in a registry or an index, and 79 are not checked yet.

Golden Eggs and Hyperbolic Discounting

Open access

Laibson, D.·1997·The Quarterly Journal of Economics

DOI 10.1162/003355397555253

Open this paper in CoChat — free account Open PDF

Abstract

Hyperbolic discount functions induce dynamically inconsistent preferences, implying a motive for consumers to constrain their own future choices. This paper analyzes the decisions of a hyperbolic consumer who has access to an imperfect commitment technology: an illiquid asset whose sale must be initiated one period before the sale proceeds are received. The model predicts that consumption tracks income, and the model explains why consumers have asset-specific marginal propensities to consume. The model suggests that financial innovation may have caused the ongoing decline in U. S. savings rates, since financial innovation increases liquidity, eliminating commitment opportunities. Finally, the model implies that financial market innovation may reduce welfare by providing "too much" liquidity.

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

Integrity signals

Registry

Crossref · 10.1162/003355397555253

Cites

33 of 112 references verified0 citation errors · 0 not checkable

Statistics

Claims the paper makes

The claims and statistics of this paper haven’t been checked yet.

Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.

Claims other papers make about this one

Each is checked against this paper’s own text: does it say what the citing paper says it does?

Self-check

Percentages, sums and reported differences re-computed from the paper’s own numbers.

The self-check needs the paper’s full text.

American economic review
Filders, R. (1992) · International Journal of Forecasting · doi:10.1016/0169-2070(92)90130-2 · Cited by 16,765
Review of Economic Studies
Stock, V. A., & Evans, M. D. (2010) · The Review of Economic Studies · doi:10.1111/(issn)1467-937x · Cited by 2,989
Uninsured Idiosyncratic Risk and Aggregate Saving
Aiyagari, S. R. (1994) · The Quarterly Journal of Economics · doi:10.2307/2118417 · Cited by 2,900
Myopia and Inconsistency in Dynamic Utility Maximization
Strotz, R. H. (1973) · doi:10.1007/978-1-349-15492-0_10 · Cited by 2,803
Specious reward: A behavioral theory of impulsiveness and impulse control.
Ainslie, G. (1975) · Psychological Bulletin · doi:10.1037/h0076860 · Cited by 2,708
Psychology and Economics: Evidence from the Field
DellaVigna, S. (2009) · Journal of Economic Literature · doi:10.1257/jel.47.2.315 · Cited by 2,412
Anomalies in Intertemporal Choice: Evidence and an Interpretation
Loewenstein, G., & Prelec, D. (1992) · The Quarterly Journal of Economics · doi:10.2307/2118482 · Cited by 2,305
The American Economic Review
(2009) · American Economic Review · doi:10.1257/aer.99.4.i · Cited by 2,304
RELATIVE AND ABSOLUTE STRENGTH OF RESPONSE AS A FUNCTION OF FREQUENCY OF REINFORCEMENT 1, 2
Herrnstein, R. J. (1961) · Journal of the Experimental Analysis of Behavior · doi:10.1901/jeab.1961.4-267 · Cited by 2,281
Consumption and Liquidity Constraints: An Empirical Investigation
Zeldes, S. P. (1989) · Journal of Political Economy · doi:10.1086/261605 · Cited by 1,933

Flagged first, then by citations

Show all 33 references

Research works printed but not linked: 11

- "Beyond Microeconomics. Conflict among Interests in a Multiple Self as a Determinant of Value." in The Multiple Self, Jon Elster, ed. (Cambridge, UK: Cambridge University Press, 1986).
- Picoeconomics (Cambridge, UK: Cambridge University Press, 1992).
Canner B., 1992, Federal Reserve Bulletin, 652
Canner B., 1994, Federal Reserve Bulletin, 571
Carroll D., 1992, Brookings Papers on Economics Activity (, 2
Chung J., 1961, Journal of the Experimental Analysis of Animal Behavior, 267
Flavin, 1991, NBER Working Paper No., 3802
1996, NBER Working Paper No., 5635
Rankin M., 1993, New York Times, 33
Shea, 1995, American Economic Review, 186
Zeckhauser, 1968, Harvard Institute of Economic Research, Discussion Paper No., 50

Sorted by citations

Items 201–300 of 1,003

Psychological connectedness and intertemporal choice.
Bartels, D. M., & Rips, L. (2010) · Journal of experimental psychology. General · doi:10.1037/a0018062 · Cited by 296
A Neural Computational Model of Incentive Salience
Zhang, J., Berridge, K. C., Tindell, A. J., Smith, K. S., & Aldridge, J. W. (2009) · PLoS Computational Biology · doi:10.1371/journal.pcbi.1000437 · Cited by 299
“(4) is an expression of what is known as the ‘‘quasi-hyperbolic’’ discounting model encountered in economics literature [56,57].”
Background
Do Cigarette Taxes Make Smokers Happier?
B, J. G. A., & Mullainathan, S. (2006) · Palgrave Macmillan UK eBooks · doi:10.1057/9780230288027_6 · Cited by 314
Bounded Rationality in Individual Decision Making
Camerer, C. F. (1998) · Experimental Economics · doi:10.1007/bf01669302 · Cited by 307
Commitment vs. Flexibility
Amador, M., Werning, I., & Angeletos, G.-M. (2006) · Econometrica · doi:10.1111/j.1468-0262.2006.00666.x · Cited by 296
Uncertainty and Hyperbolic Discounting
Dasgupta, P. S., & Maskin, E. S. (2005) · American Economic Review · doi:10.1257/0002828054825637 · Cited by 295
On Intertemporal Selfishness: How the Perceived Instability of Identity Underlies Impatient Consumption
Bartels, D. M., & Urminsky, O. (2011) · Journal of Consumer Research · doi:10.1086/658339 · Cited by 308
Savings Constraints and Microenterprise Development: Evidence from a Field Experiment in Kenya
Pascaline Dupas, Y., Welch, K., & Geray, J. (2016) · AEA Randomized Controlled Trials · doi:10.1257/rct.1592 · Cited by 294
The Behavioral Revolution and International Relations
Hafner-Burton, E. M., Haggard, S. M., Lake, D. A., & Victor, D. G. (2017) · International Organization · doi:10.1017/s0020818316000400 · Cited by 302
Present Bias: Lessons Learned and To Be Learned
O’Donoghue, T., & Rabin, M. (2015) · American Economic Review · doi:10.1257/aer.p20151085 · Cited by 290
Optimal Expectations and Limited Medical Testing: Evidence from Huntington Disease
Oster, E. F., Shoulson, I., & Dorsey, E. R. (2013) · American Economic Review · doi:10.1257/aer.103.2.804 · Cited by 305
Naiveté, Projection Bias, and Habit Formation in Gym Attendance
Acland, D., & Levy, M. R. (2015) · Management Science · doi:10.1287/mnsc.2014.2091 · Cited by 290
Presidential Address: Social Transmission Bias in Economics and Finance
Hirshleifer, D. A. (2020) · The Journal of Finance · doi:10.1111/jofi.12906 · Cited by 291
The Intertemporal Dynamics of Consumer Lock-in
Zauberman, G. (2003) · Journal of Consumer Research · doi:10.1086/378617 · Cited by 318
Modeling internal commitment mechanisms and self-control: A neuroeconomics approach to consumption–saving decisions
Benhabib, J., & Bisin, A. (2004) · Games and Economic Behavior · doi:10.1016/j.geb.2004.10.004 · Cited by 279
Does temporal discounting explain unhealthy behavior? A systematic review and reinforcement learning perspective
Story, G. W., Vlaev, I., Seymour, B., Darzi, A. W., & Dolan, R. J. (2014) · Frontiers in Behavioral Neuroscience · doi:10.3389/fnbeh.2014.00076 · Cited by 304
Investment and consumption without commitment
Ekeland, I., & Pirvu, T. A. (2008) · Mathematics and Financial Economics · doi:10.1007/s11579-008-0014-6 · Cited by 285
Optimal Taxation with Behavioral Agents
Farhi, E., & Gabaix, X. (2019) · American Economic Review · doi:10.1257/aer.20151079 · Cited by 285
Motivation and financial literacy
Mandell, L., & Klein, L. S. (2007) · Financial Services Review · doi:10.61190/fsr.v16i2.4882 · Cited by 284
Changing Behavior Using the Theory of Planned Behavior
Ajzen, I., & Schmidt, P. (2020) · Cambridge University Press eBooks · doi:10.1017/9781108677318.002 · Cited by 346
The Behavioralist Goes to School: Leveraging Behavioral Economics to Improve Educational Performance
Levitt, S. D., List, J. A., Neckermann, S., & Sadoff, S. (2012) · American Economic Journal Economic Policy · doi:10.1257/pol.20130358 · Cited by 342
Time-Consistent Public Policy
Klein, P., Krusell, P. L., & Ŕıos-Rull, J.-V. (2008) · The Review of Economic Studies · doi:10.1111/j.1467-937x.2008.00491.x · Cited by 282
Do borrowers know their mortgage terms?
Bucks, B. K., & Pence, K. M. (2008) · Journal of Urban Economics · doi:10.1016/j.jue.2008.07.005 · Cited by 281
Energy policy with externalities and internalities
Allcott, H., Mullainathan, S., & Taubinsky, D. (2014) · Journal of Public Economics · doi:10.1016/j.jpubeco.2014.01.004 · Cited by 267
The genetic architecture of economic and political preferences
Benjamin, D. J., Cesarini, D. A., van der Loos, M., Dawes, C. T., Koellinger, P., Magnusson, P. K. E., Chabris, C. F., Conley, D., Laibson, D., Johannesson, M., et al. (2012) · Proceedings of the National Academy of Sciences · doi:10.1073/pnas.1120666109 · Cited by 283
Self-citation
The Fragility of Time: Time-Insensitivity and Valuation of the Near and Far Future
Ebert, J. E. J., & Prelec, D. (2007) · Management Science · doi:10.1287/mnsc.1060.0671 · Cited by 282
Dietary Self-Control Is Related to the Speed With Which Attributes of Healthfulness and Tastiness Are Processed
Sullivan, N. J., Hutcherson, C. A. C., Harris, A. M., & Rangel, A. (2014) · Psychological Science · doi:10.1177/0956797614559543 · Cited by 290
Unemployment Risk and Precautionary Wealth: Evidence from Households' Balance Sheets
Carroll, C. D., Dynan, K. E., & Krane, S. (2003) · The Review of Economics and Statistics · doi:10.1162/003465303322369740 · Cited by 275
Measuring Self-Control Problems
Ameriks, J., Caplin, A., Leahy, J., & Tyler, T. (2007) · American Economic Review · doi:10.1257/aer.97.3.966 · Cited by 304
Maturation of limbic corticostriatal activation and connectivity associated with developmental changes in temporal discounting
Christakou, A., Brammer, M., & Rubia, K. (2011) · NeuroImage · doi:10.1016/j.neuroimage.2010.08.067 · Cited by 266
Harnessing Our Inner Angels and Demons: What We Have Learned About Want/Should Conflicts and How That Knowledge Can Help Us Reduce Short-Sighted Decision Making
Milkman, K. L., Rogers, T., & Bazerman, M. H. (2008) · Perspectives on Psychological Science · doi:10.1111/j.1745-6924.2008.00083.x · Cited by 274
Poverty and Self-Control
Bernheim, B. D., Debraj Ray, B., & Yeltekin, Ş. (2013) · Econometrica · doi:10.3386/w18742 · Cited by 270
Growth in the Shadow of Expropriation *
Aguiar, M., & Amador, M. (2011) · The Quarterly Journal of Economics · doi:10.1093/qje/qjr015 · Cited by 267
How Are SNAP Benefits Spent? Evidence from a Retail Panel
Hastings, J., & Shapiro, J. M. (2018) · American Economic Review · doi:10.1257/aer.20170866 · Cited by 269
Restricting consumer credit access: Household survey evidence on effects around the Oregon rate cap
Zinman, J. (2009) · Journal of Banking & Finance · doi:10.1016/j.jbankfin.2009.08.024 · Cited by 269
What Should Fiscal Councils Do?
Calmfors, L., & Wren-Lewis, S. J. Q. (2011) · Economic Policy · doi:10.1111/j.1468-0327.2011.00273.x · Cited by 264
Optimal Defaults
Choi, J. J., Laibson, D., Madrian, B. C., & Metrick, A. (2003) · American Economic Review · doi:10.1257/000282803321947010 · Cited by 258
Self-citation
Hyperbolic value addition and general models of animal choice.
Mazur, J. (2001) · Psychological Review · doi:10.1037/0033-295x.108.1.96 · Cited by 262
Sources of Inaction in Household Finance: Evidence from the Danish Mortgage Market
Andersen, S., Campbell, J. Y., Nielsen, K. M., & Ramadorai, T. (2020) · American Economic Review · doi:10.1257/aer.20180865 · Cited by 262
The Cognitive Revolution and the Political Psychology of Elite Decision Making
Hafner-Burton, E. M., Hughes, D. A., & Victor, D. G. (2012) · Perspectives on Politics · doi:10.1017/s1537592713001084 · Cited by 276
The psychology of intertemporal tradeoffs.
Scholten, M., & Read, D. (2010) · Psychological Review · doi:10.1037/a0019619 · Cited by 259
Modeling the Psychology of Consumer and Firm Behavior with Behavioral Economics
Ho, T., Lim, N., & Camerer, C. F. (2006) · Journal of Marketing Research · doi:10.1509/jmkr.43.3.307 · Cited by 263
HIV pre‐exposure prophylaxis for adolescent girls and young women in Africa: from efficacy trials to delivery
Celum, C., Delany‐Moretlwe, S., Baeten, J. M., van der Straten, A., Hosek, S., Bukusi, E. A., McConnell, M. A., Barnabas, R. V., & Bekker, L. (2019) · Journal of the International AIDS Society · doi:10.1002/jia2.25298 · Cited by 265
Self-Signaling and Diagnostic Utility in Everyday Decision Making
Bodner, R., & Prelec, D. (2003) · The Psychology of Economic Decisions · doi:10.1093/oso/9780199251063.003.0006 · Cited by 258
Behavioral Foundations of Microcredit: Experimental and Survey Evidence from Rural India
Bauer, M., Chytilová, J., & Morduch, J. (2012) · American Economic Review · doi:10.1257/aer.102.2.1118 · Cited by 257
Beyond Willpower: Strategies for Reducing Failures of Self-Control
Duckworth, A. L., Milkman, K. L., & Laibson, D. (2018) · Gothic.net · doi:10.1177/1529100618821893 · Cited by 294
Self-citation
Applying Insights from Behavioral Economics to Policy Design
Madrian, B. C. (2014) · Annual Review of Economics · doi:10.1146/annurev-economics-080213-041033 · Cited by 273
The Psychology of Intertemporal Discounting: Why are Distant Events Valued Differently from Proximal Ones?
Soman, D., Ainslie, G. W., Frederick, S., Li, X., Lynch, J. G., Moreau, P., Mitchell, A. D., Read, D., Sawyer, A. G., Yaacov Trope, B., et al. (2005) · Marketing Letters · doi:10.1007/s11002-005-5897-x · Cited by 255
Time and decision making: differential contribution of the posterior insular cortex and the striatum during a delay discounting task
Wittmann, M., Leland, D. S., & Paulus, M. P. (2007) · Experimental Brain Research · doi:10.1007/s00221-006-0822-y · Cited by 266
The Financial Costs of Sadness
Lerner, J. S., Li, Y., & Weber, E. U. (2013) · Psychological Science · doi:10.1177/0956797612450302 · Cited by 247
Restoring Rational Choice: The Challenge of Consumer Financial Regulation
Campbell, J. Y. (2016) · American Economic Review · doi:10.1257/aer.p20161127 · Cited by 245
The approach of ecological economics
Gowdy, J., & Erickson, J. (2005) · Cambridge Journal of Economics · doi:10.1093/cje/bei033 · Cited by 260
Behavioral economics and climate change policy
Gowdy, J. M. (2008) · Journal of Economic Behavior & Organization · doi:10.1016/j.jebo.2008.06.011 · Cited by 264
Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation
Paserman, M. D. (2008) · The Economic Journal · doi:10.1111/j.1468-0297.2008.02175.x · Cited by 250
Financial Literacy and High-Cost Borrowing in the United States
Lusardi, A., & de Bassa Scheresberg, C. (2013) · doi:10.3386/w18969 · Cited by 250
Understanding and Treating Procrastination: A Review of a Common Self-Regulatory Failure
Rozental, A., & Carlbring, P. (2014) · Psychology · doi:10.4236/psych.2014.513160 · Cited by 251
“Future discounting consists of the inclination to discredit the value of future events (Laibson, 1997), giving greater weight to immediate rewards.”
Background
Incentives for Procrastinators
O'Donoghue, T., & Rabin, M. (1999) · The Quarterly Journal of Economics · doi:10.1162/003355399556142 · Cited by 381
Behavioral Hazard in Health Insurance *
Baicker, K., Mullainathan, S., & Schwartzstein, J. (2015) · The Quarterly Journal of Economics · doi:10.1093/qje/qjv029 · Cited by 247
The Psychological Effect of Weather on Car Purchases *
Busse, M. R., Pope, D. G., Pope, J. C., & Silva‐Risso, J. (2014) · The Quarterly Journal of Economics · doi:10.1093/qje/qju033 · Cited by 247
Does Watching TV Make Us Happy
Frey, B. S., Benesch, C., & Stutzer, A. (2007) · Journal of Economic Psychology · doi:10.1016/j.joep.2007.02.001 · Cited by 290
The life-cycle model of consumption and saving
Crossley, T. F., & Browning, M. (2001) · Working paper series - Institute for Fiscal Studies/Working papers · doi:10.1920/wp.ifs.2001.0115 · Cited by 246
A Model of Casino Gambling
Barberis, N. (2011) · Management Science · doi:10.1287/mnsc.1110.1435 · Cited by 241
What Matters to Individual Investors? Evidence from the Horse's Mouth
Choi, J. J., & Robertson, A. (2020) · The Journal of Finance · doi:10.1111/jofi.12895 · Cited by 237
The Great Recession: Lessons from Microeconomic Data
Mian, A., & Sufi, A. (2010) · American Economic Review · doi:10.1257/aer.100.2.51 · Cited by 249
Patience among children
Bettinger, E., & Slonim, R. L. (2006) · Journal of Public Economics · doi:10.1016/j.jpubeco.2006.05.010 · Cited by 244
Temporal Stability of Time Preferences
Meier, S., & Sprenger, C. D. (2014) · The Review of Economics and Statistics · doi:10.1162/rest_a_00433 · Cited by 244
Neural Signatures of Value Comparison in Human Cingulate Cortex during Decisions Requiring an Effort-Reward Trade-off
Klein-Flügge, M. C., Kennerley, S. W., Friston, K. J., & Bestmann, S. (2016) · Journal of Neuroscience · doi:10.1523/jneurosci.0292-16.2016 · Cited by 271
Decreasing Impatience: A Criterion for Non‐stationary Time Preference and “Hyperbolic” Discounting
Prelec, D. (2004) · Scandinavian Journal of Economics · doi:10.1111/j.0347-0520.2004.00375.x · Cited by 243
Discounting behavior: A reconsideration
Andersen, S., Harrison, G. W., Lau, M. I., & Rutström, E. E. (2014) · European Economic Review · doi:10.1016/j.euroecorev.2014.06.009 · Cited by 243
Strotz Meets Allais: Diminishing Impatience and the Certainty Effect
Halevy, Y. (2008) · American Economic Review · doi:10.1257/aer.98.3.1145 · Cited by 233
Something in the Air: Pollution and the Demand for Health Insurance
Chang, T., Huang, W., & Wang, Y. (2018) · The Review of Economic Studies · doi:10.1093/restud/rdy016 · Cited by 242
A Generalizable Scale of Propensity to Plan: The Long and the Short of Planning for Time and for Money
Lynch, J. G., Netemeyer, R. G., Spiller, S. A., & Zammit, A. (2009) · Journal of Consumer Research · doi:10.1086/649907 · Cited by 249
Psychology and Global Climate Change: Addressing a Multi-faceted Phenomenon and Set of Challenges A Report by the American Psychological Association's Task Force on the Interface Between Psychology and Global Climate Change Members
Swim, J. K., Clayton, S., Doherty, T. J., & Gifford, R. (2009) · Cited by 239
Digital Addiction
Allcott, H., Gentzkow, M. A., & Song, L. (2022) · American Economic Review · doi:10.1257/aer.20210867 · Cited by 243
What Accounts for the Variation in Retirement Wealth Among U.S. Households?Preprint
Bernheim, B. D., Skinner, J., & Weinberg, S. A. (1998) · SSRN Electronic Journal · doi:10.2139/ssrn.48653 · Cited by 237
Pro-social behavior in a natural setting
Frey, B. S., & Meier, S. (2004) · Journal of Economic Behavior & Organization · doi:10.1016/j.jebo.2003.10.001 · Cited by 229
A Wrinkle in Time
Caruso, E. M., Gilbert, D. T., & Wilson, T. D. (2008) · Psychological Science · doi:10.1111/j.1467-9280.2008.02159.x · Cited by 247
Franco Modigliani and the Life Cycle Theory of ConsumptionPreprint
Deaton, A. (2005) · SSRN Electronic Journal · doi:10.2139/ssrn.686475 · Cited by 234
Giving Credit Where It Is Due
Banerjee, A., & Duflo, E. (2010) · The Journal of Economic Perspectives · doi:10.1257/jep.24.3.61 · Cited by 233
Psychology and Economics: Evidence from the Field
DellaVigna, S. (2007) · National Bureau of Economic Research · doi:10.3386/w13420 · Cited by 246
Self-Control at Work
Kaur, S., Kremer, M., & Mullainathan, S. (2015) · Journal of Political Economy · doi:10.1086/683822 · Cited by 290
Bankruptcy Reform and Credit Cards
White, M. J. (2007) · The Journal of Economic Perspectives · doi:10.1257/jep.21.4.175 · Cited by 232
Contextual Inference in Markets: On the Informational Content of Product Lines
Kamenica, E. (2008) · American Economic Review · doi:10.1257/aer.98.5.2127 · Cited by 224
Rising Government Debt: Causes and Solutions for a Decades-Old Trend
Yared, P. (2019) · The Journal of Economic Perspectives · doi:10.1257/jep.33.2.115 · Cited by 231
Beyond Revealed Preference: Choice Theoretic Foundations for Behavioral Welfare Economics
Bernheim, B. D., & Rangel, A. (2008) · National Bureau of Economic Research · doi:10.3386/w13737 · Cited by 237
Energy efficiency: economics and policy
Linares, P., & Labandeira, X. (2010) · Journal of Economic Surveys · doi:10.1111/j.1467-6419.2009.00609.x · Cited by 230
Time-Inconsistent Preferences and Social Security
Imrohoroglu, A., İmrohoroǧlu, S., & Joines, D. H. H. (2003) · The Quarterly Journal of Economics · doi:10.1162/003355303321675509 · Cited by 238
“Just give me a number!” Practical values for the social discount rate
Moore, M. A., Boardman, A. E., Vining, A. R., Weimer, D. L., & Greenberg, D. H. (2004) · Journal of Policy Analysis and Management · doi:10.1002/pam.20047 · Cited by 229
Explaining temporal orientation: Evidence from the durability of firms' capital investments
Souder, D., & Bromiley, P. (2011) · Strategic Management Journal · doi:10.1002/smj.970 · Cited by 228
Bounded Rationality in Industrial Organization
Ellison, G. (2013) · Cambridge University Press eBooks · doi:10.1017/cbo9781139052276.007 · Cited by 230
Homo economicus Evolves
Levitt, S. D., & List, J. A. (2008) · Science · doi:10.1126/science.1153640 · Cited by 251
Adverse Selection in the Credit Card Market
Ausubel, L. M. (1999) · Cited by 227
Is a bird in the hand worth two in the future? The neuroeconomics of intertemporal decision-making
Kalenscher, T., & Pennartz, C. M. A. (2007) · Progress in Neurobiology · doi:10.1016/j.pneurobio.2007.11.004 · Cited by 227
Time preference, time discounting, and smoking decisions
Khwaja, A., Silverman, D. P., & Sloan, F. A. (2007) · Journal of Health Economics · doi:10.1016/j.jhealeco.2007.02.004 · Cited by 228
Psychology, Financial Decision Making, and Financial Crises
Gärling, T., Kirchler, E. M., Lewis, A., & van Raaij, F. (2009) · Gothic.net · doi:10.1177/1529100610378437 · Cited by 260
Cognitive Function, Numeracy and Retirement Saving Trajectories
Banks, J. W., ’Dea, C. O., & Oldfield, Z. (2010) · The Economic Journal · doi:10.1111/j.1468-0297.2010.02395.x · Cited by 230
A field trial of privacy nudges for facebook
Wang, Y., Leon, P. G., Acquisti, A., Cranor, L. F., Forget, A., & Sadeh, N. (2014) · CHI Conference on Human Factors in Computing Systems · doi:10.1145/2556288.2557413 · Cited by 222
Potential Vulnerabilities of Neuronal Reward, Risk, and Decision Mechanisms to Addictive Drugs
Schultz, W. (2011) · Neuron · doi:10.1016/j.neuron.2011.02.014 · Cited by 224
Time Preferences and green agricultural technology adoption: Field evidence from rice farmers in China
Mao, H., Zhou, L., Ying, R., & Pan, D. (2021) · Land Use Policy · doi:10.1016/j.landusepol.2021.105627 · Cited by 229
Payday Loan Choices and Consequences
Bhutta, N., Skiba, P. M., & Tobacman, J. (2015) · Journal of money credit and banking · doi:10.1111/jmcb.12175 · Cited by 219

Authors: Laibson, D.
Affiliations: Harvard University (US)
Corresponding author: Laibson, D.
ORCID: Laibson, D.
Venue: The Quarterly Journal of Economics
Publisher: Oxford University Press (OUP)
Published: 1997-05-01
Volume: 112
Issue: 2
Pages: 443-478
ISSN: 0033-5533 (ISSN-L)
1531-4650
DOI: 10.1162/003355397555253
OpenAlex: W2118052532
Cited by: 6,122
References: 33
Citations by year: 2026: 239 · 2025: 252 · 2024: 239 · 2023: 258 · 2022: 243 · 2021: 274 · 2020: 394 · 2019: 332 · 2018: 317 · 2017: 290 · 2016: 323 · 2015: 327 · 2014: 313 · 2013: 280 · 2012: 253
FWCI: 21.62
Type: journal article
Language: en
Open access: green
nrs.harvard.edu
Licence: cc-by
Locations: The Quarterly Journal of Economics (publishedVersion)
RePEc: Research Papers in Economics (submittedVersion)
Digital Access to Scholarship at Harvard (DASH) (Harvard University) (submittedVersion, cc-by)
HighWire Press Open Archive (submittedVersion)
Funders: National Science Foundation (9510985)
Alfred P. Sloan Foundation
Topics: Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
Social Sciences › Economics, Econometrics and Finance › Finance › Financial Literacy, Pension, Retirement Analysis
Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic theories and models
Keywords: hyperbolic discounting, time inconsistency, imperfect commitment, illiquid assets, consumption smoothing, marginal propensity to consume, financial innovation, savings rate, liquidity

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

Are you an author, or do you see a problem with this page? Request a review

Golden Eggs and Hyperbolic Discounting

Abstract

Overview

Integrity signals

Verification

Claims the paper makes

Claims other papers make about this one

Self-check

Citations

Cites

Cited by

Related

Metadata

Record

About these checks