%0 Report %A al-Nowaihi, Ali %A Dhami, Sanjit %D 2009 %T A Note On The Loewenstein-Prelec Theory Of Intertemporal Choice %U https://figshare.le.ac.uk/articles/report/A_Note_On_The_Loewenstein-Prelec_Theory_Of_Intertemporal_Choice/10083773 %2 https://figshare.le.ac.uk/ndownloader/files/18181595 %K Anomalies of the DU model %K Generalized hyperbolic discounting %K Intertemporal choice %X In one of the major contributions to behavioral economics, Loewenstein and Prelec (1992) set the foundations for the behavioral approach to decision making over time. We correct a number of errors in Loewenstein and Prelec (1992). Furthermore, we provide a correct, more direct and simpler derivation of their generalized hyperbolic discounting formula that has formed the basis of much recent work on temporal choice. %I University of Leicester