Can asymmetric subjective opportunity cost effect explain impatience in intertemporal choice? A replication study [PDF]
In “The value of nothing: asymmetric attention to opportunity costs drives intertemporal decision making” Read, Olivola and Hardisty (2017) proposed an asymmetric subjective opportunity cost (ASOC) effect to explain and predict why impatience can be ...
Si-Chu Shen +3 more
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Measurement of Individual Time Preferences Using A Laboratory Approach [PDF]
The precise measurement of individual time preferences in assessing the economic plans that individuals are involved in, in the estimation of social time preferences, in the assessment of environmental and health plans is very crucial.
Mohammad Amin Zandi
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The effect of state self-control on the intertemporal decisions made by individuals with high and low trait self-control. [PDF]
The present study aimed to explore how state self-control influences the intertemporal decisions made by individuals with high and low trait self-control.
Yuan Guan, Jiamei He
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The intertemporal choice behavior: the role of emotions in a multiagent decision problem
Traditional Discounted Utility Model assumes an exponential delay discount function, with a constant discount rate: this implies dynamic consistency and stationary intertemporal preferences.
Viviana Ventre
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Risk and preference reversals in intertemporal choice [PDF]
This 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 preference reversals in intertemporal choice are consistent with constant discounting and can alternatively be explained by decreasing absolute risk aversion together with ...
Anke Gerbe, Kirsten I.M. Rohde
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Fiscal Policy with Intertemporally Non-Separable Preferences [PDF]
In this paper, we show that Ricardian equivalence does not hold in a representative agent framework if one considers goods whose current consumption affect future marginal utilities. We find that, when the intertemporal elasticity of substitution changes over time, the timing of lump sum taxation has an asymmetric effect on current and future ...
Luca Bossi, Pedro Gomis Porqueras
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Aversion to ambiguity and model misspecification in dynamic stochastic environments [PDF]
Preferences that accommodate aversion to subjective uncertainty and its potential misspecification in dynamic settings are a valuable tool of analysis in many disciplines.
Hansen, Lars Peter, Miao, Jianjun
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Rats exhibit similar biases in foraging and intertemporal choice tasks
Animals, including humans, consistently exhibit myopia in two different contexts: foraging, in which they harvest locally beyond what is predicted by optimal foraging theory, and intertemporal choice, in which they exhibit a preference for immediate vs ...
Gary A Kane +5 more
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Optimal Incentives Schemes under Homo Moralis Preferences
This study focuses on the optimal incentive schemes in a multi-agent moral hazard model, where each agent has other-regarding preferences and an individual measure of output, with both being observable by the principal.
Roberto Sarkisian
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The study of intertemporal decision-making is an interdisciplinary scientific topic of economics, psychology, and neuroscience. Most of these studies focus on individual intertemporal decisions, but little is known about the relationship between groups ...
Manami Tsuruta, Keigo Inukai
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