<?xml version="1.0" encoding="UTF-8"?><xml><records><record><source-app name="Biblio" version="7.x">Drupal-Biblio</source-app><ref-type>17</ref-type><contributors><authors><author><style face="normal" font="default" size="100%">Liutang Gong</style></author><author><style face="normal" font="default" size="100%">William Smith</style></author><author><style face="normal" font="default" size="100%">Heng-fu Zou</style></author></authors></contributors><titles><title><style face="normal" font="default" size="100%">Consumption and Risk with hyperbolic discounting</style></title><secondary-title><style face="normal" font="default" size="100%">Economics Letters</style></secondary-title></titles><dates><year><style  face="normal" font="default" size="100%">2007</style></year></dates><volume><style face="normal" font="default" size="100%">96</style></volume><pages><style face="normal" font="default" size="100%">153-160</style></pages><language><style face="normal" font="default" size="100%">eng</style></language><abstract><style face="normal" font="default" size="100%">&lt;p&gt;&lt;span&gt;Hyperbolic discounting is not observationally equivalent to exponential discounting. It is always possible to calibrate an exponential model so that it predicts the same level of consumption as a hyperbolic model. However, the two models have radically different comparative statics.&lt;/span&gt;&lt;/p&gt;</style></abstract></record></records></xml>