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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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We investigate violations of consequentialism in the form of the stochastic dominance property. The property is shared by many theories of choice and implies that the decision-maker prefers receiving the best outcome for sure over all lotteries that involve multiple outcomes. We run experiments...
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increased over time. This increase may have been the cause of the increase in BMI. Applying a large set of indicators for the … individual discount rate, this paper analyzes whether changes in time discounting can account for differences in body mass … between individuals at a given point in time and whether changes in the average individual discount rate can explain the …
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