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intelligence tests as cognitive stressors, we find that stress increases subjective discounting rates, has no effect on the degree …The ways in which preferences respond to the varying stress of economic environments is a key question for behavioral … economics and public policy. We conducted a laboratory experiment to investigate the effects of stress on financial decision …
Persistent link: https://www.econbiz.de/10010352265
in psychology suggest that individuals have different styles of handling the stress involved in making decisions. We find …
Persistent link: https://www.econbiz.de/10012502922
Arguments about the appropriate discount rate often start by assuming a Utilitarian social welfare function with isoelastic utility, in which the consumption discount rate is a function of the (constant) elasticity of marginal utility along with the (much discussed) utility discount rate. In...
Persistent link: https://www.econbiz.de/10010298595
Arguments about the appropriate discount rate often start by assuming a Utilitarian social welfare function with isoelastic utility, in which the consumption discount rate is a function of the (constant) elasticity of marginal utility along with the (much discussed) utility discount rate. In...
Persistent link: https://www.econbiz.de/10010298644
, quasi-hyperbolic discounting as well as subjective failure probability over future payments. We investigate the predictive …
Persistent link: https://www.econbiz.de/10011584663
Inequity plays a fundamental role in the evaluation of social welfare in many dimensions. We revisit the concept of inequity, whether across states of world (uncertainty), across individuals (inequality) and across generations (intergenerational equity), using a common framework generalizing the...
Persistent link: https://www.econbiz.de/10011662424
We study the pattern of correlations across a large number of behavioral regularities, with the goal of creating an empirical basis for more comprehensive theories of decision-making. We elicit 21 behaviors using an incentivized survey on a representative sample (n = 1;000) of the U.S....
Persistent link: https://www.econbiz.de/10011931952
assumption of (intertemporal) risk neutrality reduces the growth effect in social discounting and significantly amplifies the …
Persistent link: https://www.econbiz.de/10010280817
)actions, the more weight they receive. If uncertainty is endogenous to the decision process, the new rationale for discounting will …
Persistent link: https://www.econbiz.de/10010281940
starvation. In both drug and psychotherapeutic stress research and treatments of the depressed and demented, there should be …
Persistent link: https://www.econbiz.de/10010270018