Learning objectives

Methods

• Students explain the beta-delta model and key differences to the standard exponential discounting model

• Students explain the multiple price list method to measure discounting and beta-delta preferences

• Students describe the key challenges when measuring beta-delta preferences

• Students describe the design by Augenblick, Niederle and Sprenger

Content

• Students describe key results and problems in Augenblick, Niederle and Sprenger