run a lab experiment which mimics an energy consumption choice and randomizes the timing of when consumption costs are …

run a lab experiment which mimics an energy consumption choice and randomizes the timing of when consumption costs are …

confounding effects of time pressure, as proposed by dual-systems theory (Evans, 2006; Kahneman and Frederick, 2002). Results of …Time preferences drive decisions in many economic situations, such as investment contexts or salary negotiations. These … situations are characterized by a very short time frame for decision making. Preferences are potentially susceptible to the …

In this paper we formulate and investigate experimentally a model of how individuals choose between time sequences of … the economics domain. In the experiment we find that: 1) traditional economic models based on discounting alone cannot … association between 'irrational' choices. -- time preference ; time sequences ; negative discounting …

profit is more likely to be deferred over time than a certain profit of the same value. On the other hand, the expected large …

study, I examine how introducing a time delay into the execution of an investment plan influences individuals' risk … preferences. The field experiment proceeded in three stages: a decision stage, an execution stage and a payout stage. At the …

We study preferences over lotteries that pay a specific prize at uncertain future dates: time lotteries. The standard … model of time preferences, Expected Discounted Utility (EDU), implies that individuals must be risk seeking in this case. As … a motivation, we show in an incentivized experiment that most subjects exhibit the opposite behavior, i.e., they are …

We study preferences over lotteries that pay a speci fic prize at uncertain future dates: time lotteries. The standard … model of time preferences, Expected Discounted Utility (EDU), implies that individuals must be risk seeking in this case. As … a motivation, we show in an incentivized experiment that most subjects exhibit the opposite behavior, i.e., they are …

We formulate a general theory of preferences over outcome-time-probability triplets and decompose uncertainty into risk …