I ’ ll cross that bridge if I get to it : Focusing on the Near ( Certain ) Future

@inproceedings{Gazzale2011IL,
  title={I ’ ll cross that bridge if I get to it : Focusing on the Near ( Certain ) Future},
  author={Robert S. Gazzale and L. Walker},
  year={2011}
}
In many important economic decisions under uncertainty, the expected-utility maximizing choice is ex post optimal only if certain later states are reached. We investigate whether, outside of discounting, subjects are biased towards options faring well in early-period comparisons. We conduct neutral-context laboratory experiments to systematically… CONTINUE READING