@inbook{10.7758/9781610443661.6,
 ISBN = {9780871545497},
 URL = {http://www.jstor.org/stable/10.7758/9781610443661.6},
 abstract = {Intertemporal choices—decisions involving trade-offs among costs and benefits occurring at different times—are important and ubiquitous. Such decisions not only affect one’s health, wealth, and happiness, but may also, as Adam Smith first recognized, determine the economic prosperity of nations. In this chapter, we review empirical research on intertemporal choice, and present an overview of recent theoretical formulations that incorporate insights gained from this research.Economists’ attention to intertemporal choice began early in the history of the discipline. Not long after Adam Smith called attention to the importance of intertemporal choice for the wealth of nations, the Scottish economist},
 author = {Shane Frederick and Ted O’Donoghue},
 booktitle = {Time and Decision: Economic and Psychological Perspectives of Intertemporal Choice},
 pages = {13--86},
 publisher = {Russell Sage Foundation},
 title = {Time Discounting and Time Preference: A Critical Review},
 year = {2003}
}