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Imas, Alex; Kuhn, Michael A.; Mironova, Vera - 2016

We study the role of heuristic versus deliberative processing in intertemporal choice. Using studies in the Democratic Republic of Congo and an online labor market, we show that waiting periods - designed to prompt deliberation by temporally separating news about choice sets from choices...

Persistent link: https://www.econbiz.de/10011557776

Adriani, Fabrizio; Sonderegger, Silvia - 2019

expect a decision maker to distinguish between different time periods or different prizes? Our key premise is that cognitive … of observed anomalies, such as: (i) time preference reversal, (ii) magnitude effects, (iii) interval length effects. For … such as the ratio and certainty effects, and rationalize Rabin's risk aversion paradox. This suggests that the theory may …

Persistent link: https://www.econbiz.de/10012058613

Anticipations and endogenous present bias

Galperti, Simone; Strulovici, Bruno - 2015 - Preliminary and incomplete

Persistent link: https://www.econbiz.de/10010498522

Procrastination and Impatience

Reuben, Ernesto - 2011

We use a combination of lab and field evidence to study whether preferences for immediacy and the tendency to procrastinate are connected as in O'Donoghue and Rabin (1999a). To measure immediacy, we have participants choose between smaller-sooner and larger-later rewards. Both rewards are paid...

Persistent link: https://www.econbiz.de/10013121215

Revealed Indifference : Using Response Times to Infer Preferences

Konovalov, Arkady - 2019

Revealed preference is the dominant approach for inferring preferences, but it relies on discrete, stochastic choices. The choice process also produces response times (RTs) which are continuous and can often be observed in the absence of informative choice outcomes. Moreover, there is a...

Persistent link: https://www.econbiz.de/10012901189

Under risk, over time, regarding other people : language and rationality within three dimensions

Jullien, Dorian - 2018

behaviors within three dimensions: under risk, over time and regarding other people. A new perspective on two underlying …

Persistent link: https://www.econbiz.de/10011809698

Mapping time : how the spatial representation of time influences intertemporal choices

Romero, Marisabel; Craig, Adam W.; Kumar, Anand - In: Journal of marketing research 56 (2019) 4, pp. 620-636

Persistent link: https://www.econbiz.de/10012177605

Speed, quality, and the optimal timing of complex decisions : field evidence

Strittmatter, Anthony; Sunde, Uwe; Zēgners, Dainis - 2022

This paper presents an empirical investigation of the relation between decision speed and decision quality for a real-world setting of cognitively-demanding decisions in which the timing of decisions is endogenous: professional chess. Move-by-move data provide exceptionally detailed and precise...

Persistent link: https://www.econbiz.de/10013191595

The Timing of Choice-Enhancing Policies

Murooka, Takeshi - 2016

Recent studies investigate policies motivating consumers to make an active choice as a way to protect unsophisticated consumers. We analyse the optimal timing of such choice-enhancing policies when a firm can strategically react to them. In our model, a firm provides an automatic enrollment or...

Persistent link: https://www.econbiz.de/10012985793

Giving is a Question of Time : Response Times and Contributions to a Real World Public Good

Lohse, Johannes; Goeschl, Timo; Diederich, Johannes - 2014

. In light of conflicting results, this paper reports on an analysis of response time data from an online experiment in … average response time of contributors is 40 percent higher than that of free-riders. A within-subject analysis reveals that …

Persistent link: https://www.econbiz.de/10014144480