This volume investigates the limitations of the standard exponential discounted utility model and explores alternative behavioral frameworks for understanding how individuals value future outcomes. Sanjit Dhami, a professor of economics, synthesizes extensive empirical evidence and theoretical developments to provide a rigorous academic examination of time discounting. The text serves as a specialized component of a broader behavioral economics curriculum, focusing on the mathematical and psychological foundations of intertemporal choice.

Experts recognize this work as a rigorous, high-level resource suitable for advanced students and researchers in the field of behavioral economics. Readers frequently note the technical density of the prose, which demands a strong foundation in economic theory to fully grasp the presented models.