Navigating Time-Inconsistent Behavior: The Influence of Financial Knowledge, Behavior, and Attitude on Hyperbolic Discounting

Hyperbolic discounting is a psychological phenomenon in which individuals prioritize smaller immediate rewards over larger future rewards. Time-inconsistent behavior is deemed irrational as it negatively impacts savings and investment, investment in financial knowledge, and long-term financial and p...

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Bibliographic Details

Published in:	Behavioral Sciences
Main Authors:	Aliyu Ali Bawalle, Sumeet Lal, Trinh Xuan Thi Nguyen, Mostafa Saidur Rahim Khan, Yoshihiko Kadoya
Format:	Article
Language:	English
Published:	MDPI AG 2024-10-01
Subjects:	hyperbolic discounting time-inconsistent behavior financial literacy intertemporal preferences financial wellbeing
Online Access:	https://www.mdpi.com/2076-328X/14/11/994