Beyond discounting : The tradeoff model of intertemporal choice

  title={Beyond discounting : The tradeoff model of intertemporal choice},
  author={Marc Scholten and Daniel Read},
Research on intertemporal judgments and choices between a smaller-sooner and a larger-later outcome has revealed many anomalies to the discounted-utility model. Attempts to account for these anomalies within the discounting paradigm have resulted in convoluted and psychologically opaque models. We therefore develop a new model of intertemporal choice, the tradeoff model, in which choice results from a tradeoff between the perceived time difference (interval) and the perceived outcome difference… CONTINUE READING


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