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Psychophysics of the Probability Weighting Function
Takahashi, Taiki - 2011
Kahneman-Tversky's prospect theory. Although recent studies in econophysics and neuroeconomics widely utilized probability … theory to derive Prelec's probability weighting function from psychophysical laws of perceived waiting time in probabilistic … function in behavioral psychology were derived. Future directions in the application of the psychophysical theory of …
Persistent link: https://www.econbiz.de/10013122889
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Time discounting, present biases, and health-related behavior
Kang, Myong-Il; Ikeda, Shinsuke - 2013
Analysis of an original nationwide Internet survey reveals that health-related behavior shows associations with three aspects of time discounting: (i) impatience, measured by the overall discount rate; (ii) present bias, measured by the degree of declining impatience in the generalized hyperbolic...
Persistent link: https://www.econbiz.de/10009791179
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Predicting health behaviors with economic preferences and perceived control
Conell-Price, Lynn; Jamison, Julian - 2012
We present new evidence on the relationship between health behaviors and experimental measures of risk and time preferences and introduce evidence that perceived control - a measure incorporated from the health psychology literature - is a stronger and more consistent predictor of health...
Persistent link: https://www.econbiz.de/10009681237
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Sophisticated and nai͏̈ve procrastination : an experimental study
Cerrone, Claudia; Lades, Leonhard K. - 2017
The model of time-inconsistent procrastination by O'Donoughe and Rabin shows that individuals who are not aware of their present-bias (nai͏̈ve) procrastinate more than individuals who are aware of it (sophisticated) or are not present-biased (time-consistent). This paper tests this prediction....
Persistent link: https://www.econbiz.de/10011648423
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Eliciting discount functions when baseline consumption changes over time
Gerber, Anke; Rohde, Kirsten I. M. - 2014
Many empirical studies on intertemporal choice report preference reversals in the sensethat a preference between a small reward to be received soon and a larger reward to bereceived later reverses as both rewards are equally delayed. Such preference reversals arecommonly interpreted as...
Persistent link: https://www.econbiz.de/10011379439
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Intertemporal consumption and debt aversion : an experimental study
Meissner, Thomas - 2013
This paper tests how subjects behave in an intertemporal consumption/saving experiment when borrowing is allowed and whether subjects treat debt differently than savings. Two treatments create environments where either saving or borrowing is required for optimal consumption. Since both...
Persistent link: https://www.econbiz.de/10010190271
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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
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Multiple selves in intertemporal choice
Jamison, Julian; Wegener, Jon - 2009
systems involved with Theory of Mind (that is, mentalizing other agents) are similar to those involved with prospection … interests as defined over the entire lifetime. -- intertemporal choice ; theory of mind ; mentalizing ; intrapersonal games …
Persistent link: https://www.econbiz.de/10003914091
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Time Discounting : Psychophysics of Intertemporal and Probabilistic Choices
Takahashi, Taiki - 2013
Intertemporal and probabilistic choices have been attracting attention in behavioral neuroeconomics. Although recent advances in neuroeconomics demonstrated neural processes underlying intertemporal and probabilistic choices, the roles of psychophysical effects on the choices have largely been...
Persistent link: https://www.econbiz.de/10013087110
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Theoretical Frameworks for Neuroeconomics of Intertemporal Choice
Takahashi, Taiki - 2011
Intertemporal choice has drawn attention in behavioral economics, econophysics, and neuroeconomics. Recent studies in mainstream economics have mainly focused on inconsistency in intertemporal choice (dynamic inconsistency); while impulsivity/impatience in intertemporal choice has been...
Persistent link: https://www.econbiz.de/10014180407