Narrow search
Showing 1 - 3 of 3
Cover Image
Cognitive Procedures and Hyperbolic Discounting
Nir, A. - Tilburg University, Center for Economic Research - 2004
"Hyperbolic discount functions are characterized by a relatively high discount rate over short horizons and a relatively low discount rate over long horizons" (Laibson 1997).We suggest two cognitive procedures where individuals perceive future utility as decreasing at a decreasing rate as a...
Persistent link: https://www.econbiz.de/10011090635
Cover Image
Relationships as Commitment Devices : Strategic Silence
Nir, A. - Tilburg University, Center for Economic Research - 2004
People who understand self-control problems can devise mechanisms to overcome them.In this paper, we discuss how relationships can help individuals overcome their selfcontrol problems by creating a tradeoff between desired present procrastination and undesired future procrastination.Threatening...
Persistent link: https://www.econbiz.de/10011092398
Cover Image
A Behavioral Model of Conumption Patterns : The Effects of Cognitive Dissonance and Conformity
Nir, A. - Tilburg University, Center for Economic Research - 2004
Cognitive dissonance causes people to rationalize actions that differ from their own preferences.Conformity, on the … consequences of preference dynamic that occur when individuals rationalize their preferences, are conformists and have a minimum … preferences to a greater degree, (2) Individuals' optimal consumption pattern will be unstable and scatter over time, (3) Average …
Persistent link: https://www.econbiz.de/10011092514