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Wei_Dai comments on Akrasia, hyperbolic discounting, and picoeconomics - Less Wrong
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Does evolutionary psychology provide an explanation for hyperbolic discounting? I found one explanation at http://www.daviddfriedman.com/Academic/econ_and_evol_psych/economics_and_evol_psych.html#fnB27 but it doesn't seem to apply to the example of preference reversal between sleeping early and staying up.
I asked earlier:
There are actually many attempts to answer this question in the economics literature. I'm not sure why I didn't find them earlier.
One paper is Uncertainty and Hyperbolic Discounting and others can be found by searching for papers that cite it.