intertemporal choice
Intertemporal choice
... A variant on the numeraire approaches is the Delayed Compensation Mechanism (DCM) introduced in Cubitt, McDonald and Read (in press) (Option 3). This method asks what amount of money, received after a delay, would be ...
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Effect of Poverty on Intertemporal Choice and Psychological Explanations
... these intertemporal preferences are ...impact intertemporal choice through two intermediary paths: cognition and emo- ...sooner choice other than larger and later ...on intertemporal ...
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The Effect of Pregnancy on Intertemporal Choice and Its Mechanism
... Anticipated emotion, an important aspect of the feedback theory of emotion is that people learn to anticipate emotional outcomes and adjust their behavior accordingly (Baumeister, DeWall, Vohs, & Alquist, 2010), ...
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Social preferences, financial literacy and intertemporal choice
... Intertemporal decisions—such as retirement plans—critically also depend on financial literacy [11]. This study thus considers financial literacy as a factor mediating intertemporal decisions. We also ...
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Social Preferences, Financial Literacy and Intertemporal Choice
... people. Intertemporal choice is then about the interaction between multiple selves and other-regarding preferences influence decisions that involve discounting the future [1] ...
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Framing Effects in Intertemporal Choice: A Nudge Experiment
... in intertemporal choice by using decision frames where the difference between the SS and paired LL option is explicitly indicated to the participants in each decision problem that we called an explicit ...
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The effect of capital taxes on household's portfolio composition and intertemporal choice : evidence from the Dutch 2001 capital income tax reform
... the intertemporal rate of substitution vary between ...on intertemporal choice ...the intertemporal elasticity of ...of intertemporal substitution in this study is smaller than in the ...
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The Neural Representation of Value and individual Differences in Human Intertemporal Choice
... Intertemporal choices, or decisions that involve tradeoffs between rewards and time, are ubiquitous in our daily lives. The tendency to devalue, or discount, future rewards has been linked to maladaptive long-term ...
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The intertemporal choice behavior: the role of emotions in a multiagent decision problem
... in intertemporal choice may be attributed to an in- ternal conflict between multiple selves within a decision ...This intertemporal choice behavior can be parametrized in a quasi- hyperbolic ...
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Three essays on intertemporal choice
... of intertemporal choice (see Coller & Williams, ...for intertemporal choice while Samuelson himself explicitly stated that his model was not considered as the normative model and did not ...
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Cultural neuroeconomics of intertemporal choice
... According to theories of cultural neuroscience, Westerners and East- erners may have distinct styles of cognition (e.g., different allocation of attention). Previous research has shown that Westerners and Easterners tend ...
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Time matters less when outcomes differ: uni modal versus cross modal comparisons in intertemporal choice
... four choice conditions: two based on uni- modal choices (chocolates today or in 60 days; a pen today or in 60 days) and two based on cross-modal choices (chocolates today or a pen in 60 days; a pen today or ...
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Intertemporal choice and the cross-sectional variance of marginal utility
... In figure 2, we plot the cross-sectional variance of log consumption defined in terms of adult equivalent, assuming an intertemporal elasticity of substitution of 0.8. (See equa- tion (10).) The behavior of these ...
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Cumulative weighing of time in intertemporal tradeoffs
... of intertemporal consumption decisions: Not only do consumption goods easily lead to satiation ...introduce intertemporal uncertainty about tastes (how much will I like a candy bar in one year?), and they ...
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Cross Country Heterogeneity in Intertemporal Substitution
... of intertemporal substitution in consumption (EIS) reflects households’ willingness to substitute consumption between time periods in response to changes in the expected real interest ...involving ...
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Islamic Theoretical Intertemporal Model of the Current Account
... Islamic intertemporal model of the current account based on the prevailing theoretical and empirical literature of PVMCA (Obstfeld & Rogoff 1996, Cerrato et ...of intertemporal substitution and an ...
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Dividend Taxation and Intertemporal Tax Arbitrage
... Our paper argues that this view is incomplete, if not incorrect. Indeed, there may be little relationship between share prices and investment. We discussed earlier (and show more rigorously below) that temporary dividend ...
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Variance Swaps and Intertemporal Asset Pricing
... continuous-time Intertemporal Asset Pricing Model (ICAPM hereafter) of Merton (1973), the value function depends not only on aggregate wealth, but also on the innovations to some state variables that describe the ...
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Capital, Interest, and Aggregate Intertemporal Substitution
... distinguish intertemporal preferences ...“the intertemporal marginal rate of substitution” and for “the marginal product of capital” move together, once we allow for taxes, even though both fail to be ...
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Model Uncertainty and Intertemporal Tax Smoothing
... In this subsection we present optimal paths of the tax rate and the budget surplus when the government chooses to minimize the present value of excess burden from taxation given the stochastic processes of government ...
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