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Immediacy and Certainty in Intertemporal Choice
Time delay and uncertainty are deeply interrelated though the nature of the interaction between these two constructs remains equivocal. The immediacy and the certainty effects provide an easy access to study the relationship between time delay and uncertainty.
Keren, G., Roelofsma, P.
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The role of simulation in intertemporal choices [PDF]
One route to understanding the thoughts and feelings of others is by mentally putting one's self in their shoes and seeing the world from their perspective, i.e., by simulation. Simulation is potentially used not only for inferring how others feel, but also for predicting how we ourselves will feel in the future. For instance, one might judge the worth
O'Connell, Garret +2 more
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ABSTRACT Firms are increasingly looking into carbon dioxide removal (CDR), a set of options to take past emissions of greenhouse gases out of the atmosphere. Often two basic categories of CDR are distinguished: nature‐based solutions, such as planting trees or restoring wetlands, and technology‐based solutions, such as various forms of carbon capture ...
Sabrina Mili +3 more
wiley +1 more source
The endowment effect in the future: How time shapes buying and selling prices
Previous research has focused on studying the endowment effect for transactions that take place in the present. Many real-world transactions, however, are delayed into the future (i.e., people agree to buy or sell, but the actual transaction does not ...
Shohei Yamamoto, Daniel Navarro-Martinez
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Intertemporal Choice with Continuity Constraints
We consider a model of intertemporal choice where time is a continuum, the set of instantaneous outcomes (e.g., consumption bundles) is a topological space, and intertemporal plans (e.g., consumption streams) must be continuous functions of time. We assume that the agent can form preferences over plans defined on open time intervals.
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Hypothetical Intertemporal Consumption Choices [PDF]
The paper extends and replicates part of the analysis by Barsky, Juster, Kimball, and Shapiro (1997), which exploits hypothetical choices among different consumption streams to infer intertemporal substitution elasticities and rates of time preference.We use a new and much larger dataset than Barsky et al.
Kapteyn, A., Teppa, F.
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Asset Redeployability and Biodiversity Risk
ABSTRACT We examine how asset redeployability influences a firm's exposure to biodiversity risk. Our empirical analysis provides robust evidence that firms possessing greater levels of redeployable assets exhibit significantly lower biodiversity risk.
Mostafa Monzur Hasan +2 more
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ABSTRACT We examine the effect of chief executive officers' (CEOs') career horizons on environmental, social, and governance (ESG) performance and investigate how hard cues influence this performance effect. Our study offers a new perspective of CEO career horizon as a mechanism that enables firms to improve their ESG performance when occupying a ...
Sofia Angelidou +2 more
wiley +1 more source
Many contemporary concerns (e.g., addiction, failure to save) can be viewed as intertemporal choice problems in which the consequences of choices are realized at different times.
Evan C Carter +3 more
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Intertemporal choice involves the evaluation of future rewards and reflects behavioral impulsivity. After choosing a delayed reward in an intertemporal choice, a behavioral agent waits for, receives, and then consumes the reward.
Ayaka Misonou, Koji Jimura
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