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A Model Guided Approach to Evoke Homogeneous Behavior During Temporal Reward and Loss Discounting
Frontiers in Psychiatry, 2022 BackgroundThe tendency to devaluate future options as a function of time, known as delay discounting, is associated with various factors such as psychiatric illness and personality.
Janine Thome +9 more
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Spatial discounting of food and social rewards in guppies (Poecilia reticulata)
Frontiers in Psychology, 2011 In temporal discounting, animals trade off the time to obtain a reward against the quality of a reward, choosing between a smaller reward available sooner versus a larger reward available later.
Nelly eMühlhoff +2 more
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Discounting of Reward Sequences: a Test of Competing Formal Models of Hyperbolic Discounting
Frontiers in Psychology, 2014 Humans are known to discount future rewards hyperbolically in time. Nevertheless, a formal recursive model of hyperbolic discounting has been elusive until recently, with the introduction of the hyperbolically discounted temporal difference (HDTD) model.
Noah eZarr +2 more
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Performance Evaluation of Stocks’ Valuation Models at MSE
Studia Ekonomiczne i Regionalne, 2018 Subject and purpose of work: The main task of this paper is to examine the proximity of valuations generated by different valuation models to stock prices in order to investigate their reliability at Macedonian Stock Exchange (MSE) and to present ...
Ivanovski Zoran +2 more
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Adaptive intertemporal preferences in foraging-style environments
Frontiers in Neuroscience, 2013 Decision makers often face choices between smaller more immediate rewards and larger more delayed rewards. For example, when foraging for food, animals must choose between actions that have varying costs (e.g., effort, duration, energy expenditure) and ...
Michael T. Bixter, Christian C Luhmann
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Individual Differences in Intertemporal Choice
Frontiers in Psychology, 2021 Intertemporal choice involves deciding between smaller, sooner and larger, later rewards. People tend to prefer smaller rewards that are available earlier to larger rewards available later, a phenomenon referred to as temporal or delay discounting ...
Kristof Keidel +7 more
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Finance and Stochastics, 2023 AbstractDiscount is the difference between the face value of a bond and its present value. We propose an arbitrage-free dynamic framework for discount models, which provides an alternative to the Heath–Jarrow–Morton framework for forward rates. We derive general consistency conditions for factor models, and discuss affine term structure models in ...
openaire +3 more sources
A hyperbolic decay of subjective probability of obtaining delayed rewards
Behavioral and Brain Functions, 2007 Background Hyperbolic discounting of delayed and probabilistic outcomes has drawn attention in psychopharmacology and neuroeconomics. Sozou's evolutionary theory proposed that hyperbolic delay discounting may be totally attributable to aversion to a ...
Takahashi Taiki +2 more
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Projection bias, sophistication, and sub-additive discounting
Journal of Management Science and Engineering, 2019 :: Behavioral studies have revealed the sub-additive discounting pattern, which is at odds with the prevailing hyperbolic discounting framework that explains intertemporal choices. In this study, we demonstrate that completely and partially sophisticated
Shou Chen +3 more
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How to measure time preferences: An experimental comparison of three methods [PDF]
Judgment and Decision Making, 2013 In two studies, time preferences for financial gains and losses at delays of up to 50 years were elicited using three different methods: matching, fixed-sequence choice titration, and a dynamic ``staircase'' choice method.
David J. Hardisty +3 more
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