Are intertemporal preferences transitive? A Bayesian analysis of repeated individual intertemporal choices.

Estimating Intertemporal Preferences

In this article, we show how the degree of risk aversion, discounting, and preference for intertemporal substitution for a natural resource manager can be structurally estimated within a recursive utility framework. We focus on the management of a reservoir in California, and test the data for consistency with a recursive utility model specification versus standard time-additive separability. T...

The Evolution of Intertemporal Preferences

Space, Time, and Intertemporal Preferences

JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact [email protected]. .

The role of simulation in intertemporal choices

One route to understanding the thoughts and feelings of others is by mentally putting one's self in their shoes and seeing the world from their perspective, i.e., by simulation. Simulation is potentially used not only for inferring how others feel, but also for predicting how we ourselves will feel in the future. For instance, one might judge the worth of a future reward by simulating how much ...

Memory controls time perception and intertemporal choices

There is a consensus that human and non-human subjects experience temporal distortions in many stages of their perceptual and decisionmaking systems. Similarly, intertemporal choice research has shown that decision-makers undervalue future outcomes relative to immediate ones. Here we combine techniques from information theory and artificial intelligence to show how both temporal distortions and...