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Optimal short-sighted ruless

Listed author(s):
  • Sacha Bourgeois-Gironde

    ()

    (IJN - Institut Jean-Nicod - CNRS - Centre National de la Recherche Scientifique - EHESS - École des hautes études en sciences sociales - ENS Paris - École normale supérieure - Paris, LEM - Laboratoire d'Économie Moderne - UP2 - Université Panthéon-Assas - M.E.N.E.S.R. - Ministère de l'Éducation nationale, de l’Enseignement supérieur et de la Recherche)

The aim of this paper is to assess the relevance of methodological transfers from behavioral ecology to experimental economics with respect to the elicitation of intertemporal preferences. More precisely our discussion will stem from the analysis of Stephens and Anderson's (2001) seminal article. In their study with blue jays they document that foraging behavior typically implements short-sighted choice rules which are beneficial in the long run. Such long-term profitability of short-sighted behavior cannot be evidenced when using a self-control paradigm (one which contrasts in a binary way sooner smaller and later larger payoffs) but becomes apparent when ecological patch-paradigms (replicating economic situations in which the main trade-off consists in staying on a food patch or leaving for another patch) are implemented. We transfer this methodology in view of contrasting foraging strategies and self-control in human intertemporal choices.

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File URL: http://jeannicod.ccsd.cnrs.fr/ijn_00734565/document
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Paper provided by HAL in its series Post-Print with number ijn_00734565.

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Date of creation: 11 Sep 2012
Publication status: Published in Frontiers in Neuroscience, Frontiers, 2012, 6 (129), pp.129
Handle: RePEc:hal:journl:ijn_00734565
Note: View the original document on HAL open archive server: http://jeannicod.ccsd.cnrs.fr/ijn_00734565
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  1. Sacha Bourgeois-Gironde, 2012. "Optimal short-sighted ruless," Post-Print ijn_00734565, HAL.
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