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We call this new behavioral postulate \n            <jats:italic>Weak Present Bias<\/jats:italic> and characterize the general class of utility functions that is consistent with it. We show that present\u2010biased preferences can be represented as those of a decision maker who makes her choices according to conservative present\u2010equivalents, in the face of uncertainty about future tastes.\n          <\/jats:p>","DOI":"10.3982\/ecta16467","type":"journal-article","created":{"date-parts":[[2021,7,16]],"date-time":"2021-07-16T11:50:20Z","timestamp":1626436220000},"page":"1921-1961","source":"Crossref","is-referenced-by-count":35,"title":["Present Bias"],"prefix":"10.3982","volume":"89","author":[{"given":"Anujit","family":"Chakraborty","sequence":"first","affiliation":[{"name":"Department of Economics, University of California, Davis"}],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"2359","published-online":{"date-parts":[[2021]]},"reference":[{"issue":"4","key":"ecta200304-bib-0001","doi-asserted-by":"crossref","first-page":"831","DOI":"10.1287\/mnsc.1110.1450","volume":"58","author":"Baucells","year":"2012","journal-title":"Management Science"},{"issue":"2","key":"ecta200304-bib-0002","doi-asserted-by":"crossref","first-page":"205","DOI":"10.1016\/j.geb.2009.11.003","volume":"69","author":"Benhabib","year":"2010","journal-title":"Games and Economic Behavior"},{"key":"ecta200304-bib-0003","unstructured":"Bohm-Bawerk, E. 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