Results 111 to 120 of about 45,680 (136)

Psychological time and intertemporal preference

Current Opinion in Psychology, 2019
Many decisions people make involve intertemporal tradeoffs between current and future costs and benefits. Because outcomes in such decisions are separated by time (i.e., delay), the perception of time should play an important role. Traditionally, researchers have treated time as objective information (i.e., calendar time) and examined the effect of ...
B Kyu, Kim, Gal, Zauberman
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Optimal Hedging under Intertemporally Dependent Preferences

The Journal of Finance, 1990
ABSTRACTThis paper examines optimal hedging behavior in a market where preferences for current consumption are partly determined by the consumer's past consumption history. The model considers an individual exposed to price risk, who allocates wealth between consumption and futures contracts over a (continuous‐time) finite planning horizon.
Briys, Eric, Crouhy, Michel, Schlesinger, Harris   +2 more
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Intertemporal decision making with present biased preferences [PDF]

Journal of Economic Psychology, 2010
I study the behavior of individuals with present biased preferences who are involved in costly, long-run projects. By using generic cost and reward functions, I characterize the behaviors of the sophisticated, partial naive and naive types. It is shown that there may arise cases where naives needlessly put effort on projects they never complete ...
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Space, Time, and Intertemporal Preferences

Journal of Consumer Research, 2012
Although subjective judgment of future time plays an important role in a variety of decisions, little is known about the factors that influence such judgments and their implications. Based on a time as distance metaphor and its associated conceptual mapping between space and time, this article demonstrates that spatial distance influences judgment of ...
B. Kyu Kim, Gal Zauberman, James R. Bettman   +2 more
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The Evolution of Intertemporal Preferences

American Economic Review, 2007
Where do preferences come from? What determines their properties? Though traditionally reluctant to ask such questions, economists have recently turned to evolutionary models for answers. We focus on intertemporal preferences here, arising out of the evolutionary implications of different reproductive strategies or life histories.
Larry Samuelson, Arthur J. Robson
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Intertemporal stability of uncertainty preferences

Journal of Economic Psychology, 2017
Abstract We analyze the stability of ambiguity preferences experimentally, by repeatedly eliciting ambiguity attitudes towards multiple 3-color Ellsberg urns over a period of two months. 57% of the choices show stable preferences over this time period.
Peter Duersch, Daniel Römer, Benjamin Roth   +2 more
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Measuring Preferences Over Intertemporal Profiles

2023
Growing evidence indicates that utility over time is different from utility under risk. Hence, measuring intertemporal preferences (discounting and utility) exclusively from intertemporal choices is desirable. We develop a simple method for measuring intertemporal preferences.
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Weighting the Waiting: Intertemporal Social Preferences

SSRN Electronic Journal, 2022
This paper studies intertemporal social preferences. We introduce intertemporal dictator and ultimatum games where players decide on the timing of monetary payoffs. The setting is two-dimensional rather than one-dimensional, in the sense that inequalities can arise in the time as well as in the social dimension.
Rohde, Kirsten, van Exel, Job, van Hulsen, Merel   +2 more
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Revealed Preferences in Intertemporal Decision Making

Theory and Decision, 2004
This paper connects two tracks of previous research: revealed preference theory and intertemporal decision making. It demonstrates that, in contrast to static decision frameworks, in dynamic settings the Weak Axiom of Revealed Preference is not sufficient for a perfect correspondence between an agent's observed choices and the unobservable preferences ...
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Separable Preferences over Intertemporal Opportunities

SSRN Electronic Journal, 2015
In this paper we provide an axiomatic characterization of separable preferences over intertemporal opportunities satisfying “existences of a dummy alternative”. The two properties of preferences over intertemporal opportunities that implies and is implied by separability are the following: (i) if for some opportunity set one alternative chosen along ...
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