Time discounting and the estimation of loan duration

Article Abstract:

The duration of a loan tends to be underestimated when individuals are provided only with information related to the size of the loan, monthly repayment amount and interest rate. Underestimation of time duration increases when a time-delay in repayment is included to a loan with small repayment amount and information given in a recurrent account frame. Underestimation of duration tends to be smaller when information related to the amount of the monthly payment covering interest charges are provided.

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Hyperbolic discounting and the repeated self-control problem

Article Abstract:

Reasons for which a decision-maker who yielded to temptation once is more likely to yield the next time are analyzed, by using the concept of self-fulfilling prophecy.

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Valuing future private and social benefits: the discounted utility model versus hyperbolic discounting models

Article Abstract:

Hyperbolic discounting models are shown to have advantages in comparison to discounted utility models in valuations of social and private benefits in the future.

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