In this empirical study (n = 102), the authors set out to investigate relation between altruism (measured with use of individual social discounting rates) and patience delays) under conditions financial losses. Thanks titration algorithm by Holt et al. (2003), Area Under Curve indicator Myerson (2001), could apply procedures assess individuals. It was found that can be but do not have positivel...

We consider an M/G/1 queue with the following form of customer impatience: an arriving customer balks or reneges when its virtual waiting time, i.e., the amount of work seen upon arrival, is larger than a certain random patience time. We consider the number of customers in the system, the maximum workload during a busy period, and the length of a busy period. We also briefly treat the analogous...

In this paper, we consider a queue with impatient customers, under general assumptions. We introduce a convenient representation of the system by a stochastic recursive sequence keeping track of the remaining service and patience times of the customers. This description allows us (i) to provide a comprehensive stability condition in the general case, (ii) to give a rigorous proof of the optimal...

Credible queueing models of human services acknowledge human characteristics. A prevalent one is the ability of humans to abandon their wait, for example while waiting to be answered by a telephone agent, waiting for a physician’s checkup at an emergency department, or waiting for the completion of an Internet transaction. Abandonments can be very costly, to either the service provider (a forgo...

We estimate a rich model of college major choice using panel experimentally-derived data. Our estimation strategy combines two types data: data on self-reported beliefs about future earnings from potential human capital decisions and survey-based measures risk time preferences. show how to use these identify general life-cycle model, allowing for patterns heterogeneous allow us separate percept...