Researchers launch a massive 77-country psychological study to map out how global cultures make choices between immediate ...

A chimpanzee will wait more than two minutes to eat six grapes, but a black lemur would rather eat two grapes now than wait any longer than 15 seconds for a bigger serving. It's an echo of the dilemma ...

Every day we make decisions that trade off short-term and long-term consequences. In such intertemporal choices between sooner-smaller and later-larger rewards, humans and other animals exhibit ...

People tend to attach less value to a good if they know a delay will occur before they obtain it. For example, people value receiving $100 tomorrow more than receiving $100 in 10 years. We explored ...

We study collective choice when individuals have heterogeneous discounted utilitarian preferences. Two attractive properties of intertemporal preferences are indistinguishable for individuals, but ...

Enke, Benjamin, and Thomas Graeber. "Cognitive Uncertainty in Intertemporal Choice." NBER Working Paper Series, No. 29577, December 2021. (R&R at The Quarterly Journal of Economics.) ...