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Rational hyperbolic discounting. (arXiv:1910.05209v1 [econ.GN])

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This paper shows that the $q$-exponential function rationally evaluate the time discounting. When we consider two processes of wealth accumulation with different frequencies, then the discount rate and the relative frequency between them are essentials to choose the best process. In this context, the exponential discounting is a particular case, where one of the processes has a much higher frequency related to the other. In addition, one can note that some behaviors observed empirically in decision makers, such as subadditivity, magnitude effect, and preference reversal, are consistent with processes which have a low relative frequency.


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