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The way people make decisions about future benefits termed discounting - has important implications for both financial … neural areas mediating timedependent discounting processes differ according to the nature of the task. The present study … investigates the potential neurological mechanisms underpinning domain-specific discounting processes. We present high …
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run a lab experiment which mimics an energy consumption choice and randomizes the timing of when consumption costs are … effects, these results can be solely attributed to present-biased discounting under the pay-later scheme. These results imply …
Persistent link: https://www.econbiz.de/10012312873
Using a unique field experiment from Canada, we estimate individual preference over risk and time and show considerable …, quasi-hyperbolic discounting as well as subjective failure probability over future payments. We investigate the predictive …
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Research has shown that procrastination has signicant adverse effects on individuals, including lower savings and poorer health. Procrastination is typically modeled as resulting from present bias. In this paper we study an alternative: excessively optimistic beliefs about future demands on an...
Persistent link: https://www.econbiz.de/10012193799
run a lab experiment which mimics an energy consumption choice and randomizes the timing of when consumption costs are … effects, these results can be solely attributed to present-biased discounting under the pay-later scheme. These results imply …
Persistent link: https://www.econbiz.de/10012390729
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