Many intertemporal trade-offs are unbalanced: while the advantages of options are concen- trated in a few periods, the disadvantages are dispersed over numerous periods. We provide novel experimental evidence for 'concentration bias', the tendency to overweight advantages that are concentrated...

Many intertemporal trade-offs are unbalanced: while the advantages of options are concen- trated in a few periods, the disadvantages are dispersed over numerous periods. We provide novel experimental evidence for “concentration bias”, the tendency to overweight advantages that are...

Many intertemporal trade-offs are unbalanced: while the advantages of options are concentrated in a few periods, the disadvantages are dispersed over numerous periods. We provide novel experimental evidence for "concentration bias", the tendency to overweight advantages that are concentrated in...

Dertwinkel-Kalt et al. (2022) examine the effect of concentration bias - the tendency to overweight advantages that are concentrated in time relative to costs that are spread over multiple time periods - on intertemporal choice in a laboratory experiment. In their preferred empirical...