Table 2.
Empirical evidence on the fit of discounting models
| Study | Domain | Best-fitting model |
|---|---|---|
| Angeletos et al. (2001), Paserman (2008), Tanaka et al. (2010) | Money | Quasi-hyperbolic |
| Abdellaoui et al. (2010) | Money | Constant discounting Power discounting |
| Abdellaoui et al. (2013) | Money | Unit invariance |
| Franck et al. (2015) | Money | Generalized hyperbolic discounting |
| Kirby (1997) | Money | Proportional discounting |
| Keller and Strazzera (2002) | Money | Power discounting |
| Andreoni and Sprenger (2012), Attema et al. (2016) | Money | Constant discounting |
| van der Pol and Cairns (2002) | Health | Generalized hyperbolic discounting Power discounting |
| Bleichrodt and Johannesson (2001) van der Pol and Cairns (2011) |
Health | Generalized hyperbolic discounting |
| Bleichrodt et al. (2016) | Health | Generalized hyperbolic discounting Proportional discounting |