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, which can account for many of the known intertemporal choice anomalies, to discounting models. We conduct an out …-of-sample, cross-validated comparison of intertemporal choice models. Heuristic models outperform traditional utility discounting … models, including models of exponential and hyperbolic discounting. The best performing models predict choices by using a …
Persistent link: https://www.econbiz.de/10012457718
, which can account for many of the known intertemporal choice anomalies, to discounting models. We conduct an out …-of-sample, cross-validated comparison of intertemporal choice models. Heuristic models outperform traditional utility discounting … models, including models of exponential and hyperbolic discounting. The best performing models predict choices by using a …
Persistent link: https://www.econbiz.de/10013028066
discounting. Additionally, waiting periods have larger effects on those shown to be particularly prone to myopia as a result of …
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die Take the Best-Heuristik, sowie die Affekt-Heuristik, zurückgriffen. Aber auch die Verfolgung einer … familiären und idiosynkratischen Gründen, die zumeist auf einer Affekt-Heuristik oder one reason decision beruhen. Die weiteren …
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This dissertation comprises of three independent essays which introduce novel psychologically inspired process models and examine their implications for individual, collective or market behavior. The first essay studies multi-attribute choice as a guided process of search. It puts forward a...
Persistent link: https://www.econbiz.de/10011432224