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This paper analyzes the impact of hyperbolic discounting preferences on the agent's information acquisition decision who wants to undertake a potential dangerous activity for human health or the environment. The authors find that below certain discount rate threshold, an agent prefers ignoring information and continuing his project. On the other hand, above this threshold, it is optimal for him to acquire information, and the investment for acquiring the information is increasing with the discount rate. They then conclude that hyperbolic discounting preferences limit the information acquisition.
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