Discounting over subjective time: Subjective time perception helps explain multiple discounted utility anomalies
نویسندگان
چکیده
منابع مشابه
An Investigation of Time Consistency for Subjective Discounted Utility
A well-known common agreement in decision theory is that only exponential decision makers are time consistent i.e. with the mere passage of time, future choices must not contradict the initial choice. Building on this result, a large range of works has studied time inconsistency as a direct application of hyperbolic discounting. These articles share the common objective time assumption under wh...
متن کاملDiscounting Time and Time Discounting: Subjective Time Perception and Intertemporal Preferences
Vol. XLVI (August 2009), 543–556 543 © 2009, American Marketing Association ISSN: 0022-2437 (print), 1547-7193 (electronic) *Gal Zauberman is Associate Professor of Marketing (e-mail: [email protected]), and B. Kyu Kim is a doctoral student (e-mail: [email protected]), the Wharton School, University of Pennsylvania. Selin A. Malkoc is Assistant Professor of Marketing, Olin Busine...
متن کاملA theory of endogenous time preference, and discounted utility anomalies
We explain essentially all known discounted utility anomalies as artefacts of the optimizing behavior of an individual with a time-separable utility function, who perceives a good as a source of a stochastic consumption stream, and believes that she can wait for an optimal moment to buy or sell the good. For this individual, the fair price of the corresponding utility stream is interpreted as a...
متن کاملAn Investigation of Time Consistency for Subjective Discontinued Utility
A well-known common agreement in decision theory is that only exponential decision makers are time consistent i.e. with the mere passage of time, future choices must not contradict the initial choice. Building on this result, a large range of works has studied time inconsistency as a direct application of hyperbolic discounting. These articles share the common objective time assumption under wh...
متن کاملOn subjective time.
E-mail addresses: kszpunar@rotman-bay 1 The author is now at the Department of 0010-9452/$ e see front matter a 2010 Elsev doi:10.1016/j.cortex.2010.07.008 Perhaps one of the most remarkable, and under appreciated, are parts as ‘subjective time’dour sense of continued exisachievements of the human brain is our capacity to be aware of the subjective time in which we exist. Although we do not thi...
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ژورنال
عنوان ژورنال: International Journal of Research in Marketing
سال: 2015
ISSN: 0167-8116
DOI: 10.1016/j.ijresmar.2015.08.006