The two systems and 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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Random Intertemporal Choice
... random choice of a single agent choosing from the same set of consumption ...random choice experiments where the agent is required to make repetitive choices from the same choice set and one of his ...
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Intertemporal discrete choice
... scale": choice probabilities depend on the scale of the value ...to intertemporal choice, the problem the scale implies that logit probabilities are sensitive to the temporal distance between the ...
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Heterogeneity and Parsimony in Intertemporal Choice
... approaches pursue increasingly complicated theories of hypothetical constructs. The common practice of inferring parameter values (e.g. discount rates) of a ‘prototypical’ decision maker from pooled binary choice ...
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Three essays on intertemporal choice
... the intertemporal allocation of resources should be influenced by the individual’s current consumption circumstance and their expectation of future consumption ...
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Cultural neuroeconomics of intertemporal choice
... It is to be noted that both impulsive agent A and patient agent B may be ”rational” in terms of economic theory, because, in this example alone, there is no inconsistency even in impulsive agent A’s behavior. Next, ...
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Simulating future value in intertemporal choice
... the intertemporal choice paradigm does not capture, in which case effort should be extended to designing complementary experimental ...in two years may buy more things, but a Master’s degree could ...
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Intertemporal Choice of Fuzzy Soft Sets
... standard intertemporal problems is that the consequences of a decision span along an infinite number of ...of intertemporal fuzzy soft sets into fuzzy soft sets in order to make optimal ...
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Corporate Short-Termism and Intertemporal Choice
... an intertemporal model of ...target’s intertemporal strategic choices and the time horizons of ...The choice of a short-term strategy is contextual; the outcomes therefrom can result in random errors ...
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The Intertemporal Choice Task and Network Marketing
... the two had roughly balanced each other out, suggesting that on average the treatment group was neither increasing saving nor ...these two patterns suggests that the average weekly expenditures were likely ...
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CiteSeerX — Anomalies in intertemporal choice: Evidence and an interpretation
... In view of our hyperbolic discounting assumption, this allows for only three qualitatively distinct possibilities: (1) the rate of time preference is always greater than the market rate,[r] ...
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Framing Effects in Intertemporal Choice: A Nudge Experiment
... of intertemporal choice which interact each other through mechanisms (already identified and new ones) that are presently only partially explained (Berns, Laibson and Loewenstein, ...of choice but ...
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The Effect of Pregnancy on Intertemporal Choice and Its Mechanism
... sive phenomenon that people prefer sooner and smaller reward to later and larger re- ward called time discounting (or delay discounting). But different people in different situations perform distinctly. It can be ...
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A Note On The Loewenstein-Prelec Theory Of Intertemporal Choice
... of intertemporal choice (henceforth, DU) is contradicted by a relatively large body of empirical and experimental evidence; see for instance Thaler ...no choice but to take account of these ...
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Discounting by intervals: An inconsistent theory of intertemporal choice?
... 1. Introduction In a clear and beautifully written paper, Scholten and Read (2006) give an account of recent experimental results, including their own experiments, that shed further light on intertemporal ...
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Intertemporal Choice Experiments and Large-Stakes Behavior
... random choice models of Holt and Laury (2002) and Andersen, Harrison, Lau and Rutstrom (2008), applied to the Andreoni and Sprenger (2012) ...random choice models for estimating preferences given a ...
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Beyond discounting : The tradeoff model of intertemporal choice
... --------------------------------- Insert Figure 13 about here --------------------------------- Uncontrolled choices are the ‘poster children’ of intertemporal choices. Examples include choosing whether to have ...
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The economics, neurobiology and pharmacology of intertemporal choice in humans
... neural systems for the valuation of different reward ...separate systems value immediate versus delayed ...of choice where a deliberative (exponential) discount system is instantiated in cortical ...
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Social preferences, financial literacy and intertemporal choice
... We evaluate the relationship between social preferences, financial literacy and intertemporal choice in questionnaires distributed to university students. Most respondents perform well on a financial ...
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Effect of Poverty on Intertemporal Choice and Psychological Explanations
... intertemporal choice. Studies show that poverty will impact inter- temporal choice through two intermediary paths: cognition and ...sooner choice other than larger and later ...
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