Results 221 to 230 of about 640,490 (255)
Some of the next articles are maybe not open access.
1996
Abstract There is broad agreement that, in cost-effectiveness analyses, all future costs and health consequences should be stated in terms of their “present value” to the decision maker. Only then will the interventions’ cost-effectiveness ratios be appropriately adjusted for the differential timing of costs and consequences so that ...
J Lipscomb, M C Weinstein, G W Torrance
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Abstract There is broad agreement that, in cost-effectiveness analyses, all future costs and health consequences should be stated in terms of their “present value” to the decision maker. Only then will the interventions’ cost-effectiveness ratios be appropriately adjusted for the differential timing of costs and consequences so that ...
J Lipscomb, M C Weinstein, G W Torrance
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Psychological time and intertemporal preference
Current Opinion in Psychology, 2019Many 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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2018
OK, today I have just received as a gift something I always dreamed about, but given its cost, I never resolved to buy: a white truffle. I like it a lot, especially grated over Piedmont tagliolini (sort of egg-rich fresh pasta thinner than fettuccine). And I know that I have to eat it within a week. So, when will I eat my truffle? Tonight?
Fabrizio Ghisellini, Beryl Y. Chang
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OK, today I have just received as a gift something I always dreamed about, but given its cost, I never resolved to buy: a white truffle. I like it a lot, especially grated over Piedmont tagliolini (sort of egg-rich fresh pasta thinner than fettuccine). And I know that I have to eat it within a week. So, when will I eat my truffle? Tonight?
Fabrizio Ghisellini, Beryl Y. Chang
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Of Time and Preference: Temporal Stability of Environmental Preferences
Perceptual and Motor Skills, 1997Time is a central issue in discussions about art and in Berlyne's aesthetic theory. This article reports on the temporal stabilities of preferences for a novel and controversial building at three times after construction (2 years, 18 years, 23 years), and public preferences for 20 ordinary and noncontroversial buildings at three times over nine years ...
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Time Preference and Time Consistency:
German Journal of Agricultural Economics, 2001On the Rationality of Sequential ChoiceThe paper discusses the problem of discounting, time preference, and time consistent decision making. While a constant pure rate of time preference leads to consistent consumption plans, other discounting schemes - like hyperbolic discounting - do not.
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On the benefits of time-inconsistent preferences
Journal of Economic Behavior & Organization, 2019Why are time-inconsistent preferences widespread among decision makers? This paper provides a possible explanation by showing that time-inconsistent preferences could be beneficial for decision makers that work together. Time-inconsistent preferences – which are usually blamed for having detrimental effects – can thus be advantageous for the ...
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The time-preference Nash solution [PDF]
, 2001 We give an axiomatic characterization of the Time-Preference Nash Solution, a bargaining solution that is applied when the underlying preferences are defined over streams of physical outcomes. This bargaining solution is similar to the ordinal Nash solution introduced by Rubinstein, Safra, and Thomson (1992), but it gives a different prediction when ...
Nir Dagan, Oscar Volij, Eyal Winter
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The study of time preference is concerned with decisions involving benefits and costs at different points in time. Many of the most consequential choices over the life course have this feature. This article was written to provide a high-level, non-technical overview of both conceptual and practical issues that arise in the measurement of time ...
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Direct measures of time preference [PDF]
Economic and Social Review, 2003 This work constitutes an attempt to estimate time preference factors in a direct way from survey data, without relying on consumption data and on particular estimation techniques. By using microeconomic data obtained from the Bank of Italy Survey of Household Income and Wealth (for the year 2000) and a simple second order Taylor expansion of a generic ...
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