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How Inheritance Expectations Impact Household Savings
Review of Income and Wealth, Volume 72, Issue 1, February 2026.ABSTRACT This article examines how expecting to receive an inheritance impacts household savings. Life‐cycle consumption models indicate that the expectation of inheriting should reduce current savings for forward‐thinking consumers. We investigate this economic prediction, considering factors such as liquidity constraints and education.
Ignacio Belloc, José Alberto Molina
wiley +1 more source
Electricity Use of Automation or How to Tax Robots?
Scottish Journal of Political Economy, Volume 73, Issue 1, February 2026.ABSTRACT While automation technologies replace workers in ever more tasks, robots, 3D‐printers, and AI require substantial amounts of electricity. How are automation technologies affected by the price of electricity, and how do robot taxes and electricity taxes affect their adoption?
Emanuel Gasteiger +3 more
wiley +1 more source
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Scarcity and intertemporal choice.
Journal of Personality and Social Psychology, 2023Scarcity often encourages decisions that favor the present over the future. While prevailing theories largely attribute these decisions to myopic, impulsive decision making, five studies find support for an alternative, less prevalent perspective.
Eesha Sharma +2 more
semanticscholar +1 more source
Behavioural Brain Research, 2022
Intertemporal choice requires to make decision by evaluating the value of two options consisting of different times and benefits. The dorsolateral prefrontal cortex (DLPFC) is a key brain region for modulating intertemporal choice.
Qiuzhu Zhang +7 more
semanticscholar +1 more source
Intertemporal choice requires to make decision by evaluating the value of two options consisting of different times and benefits. The dorsolateral prefrontal cortex (DLPFC) is a key brain region for modulating intertemporal choice.
Qiuzhu Zhang +7 more
semanticscholar +1 more source
Temporal course of the sign effect in intertemporal choice
Journal of Cognitive Psychology, 2021The sign effect in intertemporal choice means that people typically discount delayed gains more than losses. The lack of a sign effect is associated with problematic behaviours, such as debt, obesity, and smoking.
Q. Jiang, Lei Liu
semanticscholar +1 more source
The effect of risk on intertemporal choice and preference reversal.
Journal of The Experimental Analysis of Behavior, 2022Two experiments examined the effect of risk on waiting preference and temporal preference reversal. Participants made binary choices between smaller-sooner (SS) and larger-later (LL) options following a 2 (time: immediate choices vs.
Ping Xu, Jiuqing Cheng, Hui Sang
semanticscholar +1 more source
Language Models Trained to do Arithmetic Predict Human Risky and Intertemporal Choice
International Conference on Learning RepresentationsThe observed similarities in the behavior of humans and Large Language Models (LLMs) have prompted researchers to consider the potential of using LLMs as models of human cognition. However, several significant challenges must be addressed before LLMs can
Jian-Qiao Zhu +2 more
semanticscholar +1 more source
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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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
openaire +1 more source