Cumulative Weighing of Time in Intertemporal Tradeoffs

  title={Cumulative Weighing of Time in Intertemporal Tradeoffs},
  author={Michiel Scholten and Daniel Read and Adam Sanborn},
  booktitle={Journal of experimental psychology. General},
We examine preferences for sequences of delayed monetary gains. In the experimental literature, two prominent models have been advanced as psychological descriptions of preferences for sequences. In one model, the instantaneous utilities of the outcomes in a sequence are discounted as a function of their delays, and assembled into a discounted utility of the sequence. In the other model, the accumulated utility of the outcomes in a sequence is considered along with utility or disutility from… CONTINUE READING

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