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In this paper we formulate and investigate experimentally a model of how individuals choose between time sequences of … association between 'irrational' choices. -- time preference ; time sequences ; negative discounting …
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getting more attention. Despite time is a decisive factor for the productivity and competitive advantages of companies …-win strategies, i.e., if they have a positive impact on ecological and human targets and foster company interests at the same time …
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Most evidence of hyperbolic discounting is based on violations of either stationarity or time consistency as observed … in choice experiments. These choice reversals may however also result from time-varying discount rates. Hyperbolic … discounting is a plausible explanation for choice reversals only if violations of stationarity and time consistency overlap. Our …
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