• DOI:10.1016/j.tics.2007.08.011
Corpus ID: 22282339

Intertemporal choice – toward an integrative framework

@article{Berns2007IntertemporalC,
  title={Intertemporal choice – toward an integrative framework},
  author={G. Berns and David Laibson and G. Loewenstein},
  journal={Trends in Cognitive Sciences},
  year={2007},
  volume={11},
  pages={482-488}
}

G. Berns, David Laibson, G. Loewenstein

Published 2007

Psychology, Medicine

Trends in Cognitive Sciences

Intertemporal choices are decisions with consequences that play out over time. These choices range from the prosaic--how much food to eat at a meal--to life-changing decisions about education, marriage, fertility, health behaviors and savings. Intertemporal preferences also affect policy debates about long-run challenges, such as global warming. Historically, it was assumed that delayed rewards were discounted at a constant rate over time. Recent theoretical and empirical advances from economic… CONTINUE READING

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