I think this post (Evolution and irrationality) is interesting but don't know what to make of it due to a lack of general expertise:

Sozou’s idea is that uncertainty as to the nature of any underlying hazards can explain time inconsistent preferences. Suppose there is a hazard that may prevent the pay-off from being realised. This would provide a basis (beyond impatience) for discounting a pay-off in the future. But suppose further that you do not know what the specific probability of that hazard being realised is (although you know the probability distribution). What is the proper discount rate?

Sozou shows that as time passes, one can update their estimate of the probability of the underlying hazard. If after a week the hazard has not occurred, this would suggest that the probability of the hazard is not very high, which would allow the person to reduce the rate at which they discount the pay-off. When offered with a choice of one or two bottles of wine 30 or 31 days into the future, the person applies a lower discount rate in their mind than for the short period because they know that as each day passes in which there has been no hazard preventing the pay-off, their estimate of the hazard’s probability will drop.

Comments would be appreciated.