This paper proposes an alternative, dynamic framework for estimatingtime-varying values of travel time savings and … values of schedule delay, in whichtime-preferences are represented as the time-varying excess willingness to pay(EWPT) to … being in the one location, over being elsewhere. It is shown how theconventional linear model, with time-independent values …

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 …

association between 'irrational' choices. -- time preference ; time sequences ; negative discounting …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 …

—behavior on discounting future utility. The study considers the start- and end-of-period effects for time dependence and … exponential and hyperbolic discounting for time preference. It provides identification arguments and sufficient conditions for …This study jointly examines agents’ time dependence—period effects within instantaneous utility—and time preference …