@inbook{10.7758/9781610443661.23,
 ISBN = {9780871545497},
 URL = {http://www.jstor.org/stable/10.7758/9781610443661.23},
 abstract = {Our preferences for the long run tend to conflict with our short-run behavior. When planning for the long run, weintendto meet our deadlines, exercise regularly, and eat healthfully. Yet in the short run we have little interest in revising manuscripts, jogging on the stairmaster, and skipping the chocolate soufflé à la mode. Delay of gratification is a nice long-term goal, but instant gratification is disconcertingly tempting.This gap between long-run intentions and short-run actions is apparent across a wide range of behaviors, including saving choices. A 1997 survey found that 76 percent of respondents believe they should be},
 author = {George-Marios Angeletos and David Laibson and Andrea Repetto and Jeremy Tobacman and Stephen Weinberg},
 booktitle = {Time and Decision: Economic and Psychological Perspectives of Intertemporal Choice},
 pages = {517--544},
 publisher = {Russell Sage Foundation},
 title = {The Hyperbolic Consumption Model: Calibration, Simulation, and Empirical Evaluation},
 year = {2003}
}