Experimental and real world data support
A) hyperbolic discounting models
B) exponential discounting models
C) time-consistent discounting models

Question

Quizplus · Accepted Answer

Hyperbolic discounting models are supported by both experimental and real-world data, showing that people tend to prefer smaller, immediate rewards over larger, delayed ones, and this preference decreases over time in a non-linear way.

Experimental and Real World Data Support