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Discounting delayed and probabilistic rewards: Processes and traits

Author

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  • Myerson, Joel
  • Green, Leonard
  • Scott Hanson, J.
  • Holt, Daniel D.
  • Estle, Sara J.

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Suggested Citation

  • Myerson, Joel & Green, Leonard & Scott Hanson, J. & Holt, Daniel D. & Estle, Sara J., 2003. "Discounting delayed and probabilistic rewards: Processes and traits," Journal of Economic Psychology, Elsevier, vol. 24(5), pages 619-635, October.
  • Handle: RePEc:eee:joepsy:v:24:y:2003:i:5:p:619-635
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    References listed on IDEAS

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    1. Drazen Prelec & George Loewenstein, 1991. "Decision Making Over Time and Under Uncertainty: A Common Approach," Management Science, INFORMS, vol. 37(7), pages 770-786, July.
    2. George F. Loewenstein, 1988. "Frames of Mind in Intertemporal Choice," Management Science, INFORMS, vol. 34(2), pages 200-214, February.
    3. Jerry A. Hausman, 1979. "Individual Discount Rates and the Purchase and Utilization of Energy-Using Durables," Bell Journal of Economics, The RAND Corporation, vol. 10(1), pages 33-54, Spring.
    4. Raymond Battalio & Leonard Green & John Kagel, 1995. "Economic choice theory. an experimental analysis of animal behavior," Framed Field Experiments 00166, The Field Experiments Website.
    5. George Loewenstein & Drazen Prelec, 1992. "Anomalies in Intertemporal Choice: Evidence and an Interpretation," The Quarterly Journal of Economics, Oxford University Press, vol. 107(2), pages 573-597.
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    Citations

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    Cited by:

    1. Patricia Sourdin, 2005. "Pension Contribution as a Commitment Device: Evidence of Sophistication among Time-inconsistent Households," School of Economics Working Papers 2005-17, University of Adelaide, School of Economics.
    2. Takahashi, Taiki & Oono, Hidemi & Radford, Mark H.B., 2008. "Psychophysics of time perception and intertemporal choice models," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 387(8), pages 2066-2074.
    3. Uri Ben-Zion & Jan Pieter Krahnen & TAL SHAVIT, 2007. "Subjective Evaluation Of Delayed Risky Outcomes: An Experimental Approach," Working Papers 0709, Ben-Gurion University of the Negev, Department of Economics.
    4. repec:kap:theord:v:83:y:2017:i:3:d:10.1007_s11238-017-9603-2 is not listed on IDEAS
    5. Daniele Pennesi, 2015. "Uncertain discount and hyperbolic preferences," THEMA Working Papers 2015-02, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
    6. Shavit, Tal & Rosenboim, Mosi & Shani, Yaniv, 2014. "Time preference before and after a risky activity – A field experiment," Journal of Economic Psychology, Elsevier, vol. 43(C), pages 30-36.
    7. Thomas Epper & Helga Fehr-Duda & Adrian Bruhin, 2011. "Viewing the future through a warped lens: Why uncertainty generates hyperbolic discounting," Journal of Risk and Uncertainty, Springer, vol. 43(3), pages 169-203, December.
    8. Mahajna, Ahmad & Benzion, Uri & Bogaire, Ravid & Shavit, Tal, 2008. "Subjective discount rates among Israeli Arabs and Israeli Jews," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(6), pages 2513-2522, December.
    9. Sourdin, Patricia, 2008. "Pension contributions as a commitment device: Evidence of sophistication among time-inconsistent households," Journal of Economic Psychology, Elsevier, vol. 29(4), pages 577-596, August.
    10. Shavit, Tal & Lahav, Eyal & Benzion, Uri, 2013. "Factors affecting soldiers’ time preference: A field study in Israel," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 44(C), pages 75-84.
    11. Lahav, Eyal & Shavit, Tal & Benzion, Uri, 2016. "Can't wait to celebrate: Holiday euphoria, impulsive behavior and time preference," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 65(C), pages 128-134.
    12. Lahav, Eyal & Benzion, Uri & Shavit, Tal, 2010. "Subjective time discount rates among teenagers and adults: Evidence from Israel," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(4), pages 458-465, August.
    13. repec:zbw:espost:173174 is not listed on IDEAS
    14. Lippai, László, 2009. "Az intertemporális diszkontálási folyamatok jelentősége a fogyasztói döntésekben
      [The importance of inter-temporal discounting processes to consumer decision-making]
      ," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 689-708.
    15. Findley, T. Scott, 2015. "Hyperbolic memory discounting and the political business cycle," European Journal of Political Economy, Elsevier, vol. 40(PB), pages 345-359.
    16. Tal Shavit, 2013. "The effect of optimism bias on time preference," Economics and Business Letters, Oviedo University Press, vol. 2(3), pages 128-133.
    17. Weber, Bethany J. & Chapman, Gretchen B., 2005. "Playing for peanuts: Why is risk seeking more common for low-stakes gambles?," Organizational Behavior and Human Decision Processes, Elsevier, vol. 97(1), pages 31-46, May.
    18. Kazumi Shimizu & Daisuke Udagawa, 2015. "Is Human Life Worth Peanuts? Risk Attitude Changes in Accordance with Varying Stakes," Working Papers 1518, Waseda University, Faculty of Political Science and Economics.

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