An additive-utility model of delay discounting.
Abstract
Goods remote in temporal, spatial, or social distance, or in likelihood, exert less control over our behavior than those more proximate. The decay of influence with distance, of perennial interest to behavioral economists, has had a renaissance in the study of delay discounting. By developing discount functions from marginal utilities, this article provides a framework that resolves several anomalies of intertemporal choice. Utilities are...
Paper Details
Title
An additive-utility model of delay discounting.
Published Date
Jul 1, 2009
Journal
Volume
116
Issue
3
Pages
602 - 619
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Notes
History