Skip to search formSkip to main contentSkip to account menu
Time Discounting and Time Preference: A Critical Review
This paper discusses the discounted utility (DU) model: its historical development, underlying assumptions, and "anomalies" - the empirical regularities that are inconsistent with its theoretical…
View via Publisher
Out of control: Visceral influences on behavior
Abstract Understanding discrepancies between behavior and perceived self-interest has been one of the major, but largely untackled, theoretical challenges confronting decision theory from its infancy…
View via Publisher
Separate Neural Systems Value Immediate and Delayed Monetary Rewards
TLDR
Using functional magnetic resonance imaging, the neural correlates of time discounting were examined while subjects made a series of choices between monetary reward options that varied by delay to delivery, demonstrating that two separate systems are involved in such decisions.
View on Publisher
The psychology of curiosity: A review and reinterpretation.
Research on curiosity has undergone 2 waves of intense activity. The 1st, in the 1960s, focused mainly on curiosity's psychological underpinnings. The 2nd, in the 1970s and 1980s, was characterized…
View via Publisher
Anomalies in Intertemporal Choice: Evidence and an Interpretation
Research on decision making under uncertainly has been strongly influenced by the documentation of numerous expected utility (EU) anomalies—behaviors that violate the expected utility axioms. The…
View via Publisher
Labor Supply of New York City Cabdrivers: One Day at a Time
Life-cycle models of labor supply predict a positive relationship between hours supplied and transitory changes in wages. We tested this prediction using three samples of wages and hours of New York…
View via Publisher
Anticipation and the Valuation of Delayed Consumption
This paper presents a model of intertemporal choice that incorporates "savoring" and "dread"-i.e., utility from anticipat ion of delayed consumption. The model explains why an individual with…
View via Publisher
“Coherent Arbitrariness”: Stable Demand Curves Without Stable Preferences
In six experiments we show that initial valuations of familiar products and simple hedonic experiences are strongly influenced by arbitrary "anchors" (sometimes derived from a person's social…
View via Publisher
Measuring the Prevalence of Questionable Research Practices With Incentives for Truth Telling
TLDR
It is found that the percentage of respondents who have engaged in questionable practices was surprisingly high, which suggests that some questionable practices may constitute the prevailing research norm.
View on SAGE
The Red and the Black: Mental Accounting of Savings and Debt
In the standard economic account of consumer behavior the cost of a purchase takes the form of a reduction in future utility when expenditures that otherwise could have been made are forgone. The…
View via Publisher
...
...
By clicking accept or continuing to use the site, you agree to the terms outlined in our Privacy Policy, Terms of Service, and Dataset License