Onay, Selçuk; Öncüler, Ayse - In: Journal of Risk and Uncertainty 34 (2007) 2, pp. 99-121
This paper investigates how individuals evaluate delayed outcomes with risky realization times. Under the discounted expected utility (DEU) model, such evaluations depend only on intertemporal preferences. We obtain several testable hypotheses using the DEU model as a benchmark and test these...