Hyperbolic discounting of delayed social interaction
نویسندگان
چکیده
منابع مشابه
Discounting of delayed rewards is not hyperbolic.
Delay discounting refers to decision-makers' tendency to value immediately available goods more than identical goods available only after some delay. In violation of standard economic theory, decision-makers frequently exhibit dynamic inconsistency; their preferences change simply due to the passage of time. The standard explanation for this behavior has appealed to the nature of decision-maker...
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Empirical studies in economics and behavioral ecology suggest that, ceteris paribus, animals and humans appear to place less weight on the future than on the present, i.e., they act as though they discount future payoffs. Furthermore (and more interestingly), they do so with discount rates that increase as the time before those payoffs are realized grows shorter. In other words, subjects act as...
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ژورنال
عنوان ژورنال: Learning & Behavior
سال: 2012
ISSN: 1543-4494,1543-4508
DOI: 10.3758/s13420-012-0093-3