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Anomalies in Intertemporal Choice?
SSRN Electronic Journal, 2007This paper argues that observations of non-stationary choice behavior need not necessarily imply specific properties of the individual's discount function. As we show, the observed "anomalies" in intertemporal choice can alternatively be explained by an individual's perception of the risk that is involved whenever an outcome is to be received in the ...
Anke Gerber, Kirsten I.M. Rohde
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Empirical determinants of intertemporal choice [PDF]
Journal of Financial Economics, 2015 Abstract We provide new evidence on the empirical determinants of intertemporal financial decisions. We use an exogenously imposed choice affecting nearly all Croatian retirees to study characteristics associated with choosing a larger, deferred stream of payments over a smaller, more immediate payment.
Jeffrey R. Brown +2 more
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Understanding intertemporal choices
Applied Economics, 2006Previous experimental results show clearly that many subjects do not optimize when solving a life-cycle consumption problem. What do they do? This paper attempts to resolve this question, looking at the discounting, hyperbolic and rolling models as possible explanations.
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2010
A Clark’s nutcracker (Nucifraga columbiana) flies to the top of a pine tree and selects one of the many cones. She twists and pecks at the stem until the cone breaks free from the branch and, with one foot, holds the cone in the crotch of a branch. She then repeatedly hammers her long bill in between the scales of the cone.
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A Clark’s nutcracker (Nucifraga columbiana) flies to the top of a pine tree and selects one of the many cones. She twists and pecks at the stem until the cone breaks free from the branch and, with one foot, holds the cone in the crotch of a branch. She then repeatedly hammers her long bill in between the scales of the cone.
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Intertemporal choice in Parkinson's disease
Movement Disorders, 2011AbstractThe administration of dopamine agonists in Parkinson's disease has been associated with impulse control disorders, in particular, pathological gambling. In the present investigation, 17 patients with Parkinson's disease without impulse control disorders and 17 matched control participants were offered choices between monetary rewards (ranging ...
Maria, Milenkova +7 more
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Habits and the Anomalies in Intertemporal Choice
Management Science, 1997This paper analyzes a model of discounted utility under habit formation. Habit formation means that utility in each period is determined by the difference between the received outcome and the customary outcome at that point in time. Preferences are rational, in the sense that the decision maker correctly anticipates the habit formation process and ...
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Subjective Random Discounting and Intertemporal Choice
Journal of Economic Theory, 2009zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Youichiro Higashi +2 more
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Intertemporal choice and the magnitude effect
Games and Economic Behavior, 2011zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Is Intertemporal Choice Theory Testable?
Journal of Mathematical Economics, 2004Kreps–Porteus preferences constitute a widely used alternative to time separability. We showin this paper that with these preferences utility maximization does not impose any observable restrictions on a household’s savings decisions or on choices in good markets over time.
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