Discounting of Reward Sequences: a Test of Competing Formal Models of Hyperbolic Discounting [PDF]
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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Navigating Time-Inconsistent Behavior: The Influence of Financial Knowledge, Behavior, and Attitude on Hyperbolic Discounting [PDF]
Behavioral SciencesHyperbolic discounting is a psychological phenomenon in which individuals prioritize smaller immediate rewards over larger future rewards. Time-inconsistent behavior is deemed irrational as it negatively impacts savings and investment, investment in ...
Aliyu Ali Bawalle +4 more
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Unraveling Investor Behavior: The Role of Hyperbolic Discounting in Panic Selling Behavior on the Global COVID-19 Financial Crisis [PDF]
Behavioral SciencesIn financial markets, irrational behaviors such as hyperbolic discounting and panic selling are prevalent. However, their widespread empirical associations remain unexplored.
Sumeet Lal +4 more
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The value of initiating a pursuit in temporal decision-making [PDF]
eLifeReward-rate maximization is a prominent normative principle in behavioral ecology, neuroscience, economics, and AI. Here, we identify, compare, and analyze equations to maximize reward rate when assessing whether to initiate a pursuit.
Elissa Sutlief +3 more
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Positive temporal dependence of the biological clock implies hyperbolic discounting [PDF]
Frontiers in Neuroscience, 2011 Temporal preferences of animals and humans often exhibit inconsistencies, whereby an earlier, smaller reward may be preferred when it occurs immediately but not when it is delayed.
Debajyoti eRay +2 more
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How do young low-income university students deal with risk and time preferences in Brazil?, [PDF]
Revista Contabilidade & Finanças, 2022 This article sought to understand the behavior of young low-income university students through an experiment based on prospect and hyperbolic discounting theory, with risk and time preferences, and their relationships with financial literacy with regard ...
Érica Teixeira dos Santos +3 more
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Mathematics, 2022 Intertemporal choices are those decisions structured over several periods in which the effects only manifest themselves with the passage of time. The main mathematical reference for studying the behavior of individuals with respect to this type of ...
Viviana Ventre, Roberta Martino
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Humans can adopt optimal discounting strategy under real-time constraints. [PDF]
PLoS Computational Biology, 2006 Critical to our many daily choices between larger delayed rewards, and smaller more immediate rewards, are the shape and the steepness of the function that discounts rewards with time.
N Schweighofer +6 more
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Time preference and personal value: a population-based cross-sectional study in Japan
BMC Psychology, 2020 Objective This study aimed to investigate the association between time preference (i.e., time discounting and hyperbolic time discounting) and personal values (the areas of priority values and commitment to value) in a sample of adult community residents
Norito Kawakami +5 more
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Temporal-difference reinforcement learning with distributed representations. [PDF]
PLoS ONE, 2009 Temporal-difference (TD) algorithms have been proposed as models of reinforcement learning (RL). We examine two issues of distributed representation in these TD algorithms: distributed representations of belief and distributed discounting factors ...
Zeb Kurth-Nelson, A David Redish
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