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5 days ago · The choice repetition bias is characterized by the tendency to repeat previous choices and to be slower when switching to an alternative choice. In a series of two experiments (including a preregistered, eye-tracking study), we find that the choice repetition bias exists in intertemporal choice.
1 day ago · t. e. In ethical philosophy, utilitarianism is a family of normative ethical theories that prescribe actions that maximize happiness and well-being for the affected individuals. [1] [2] In other words, utilitarian ideas encourage actions that ensure the greatest good for the greatest number.
3 days ago · Abstract: It has been proved that there exist a number of similarities between intertemporal choice and risky choice. The similarities imply that some equal processes may be included in these two choices. Construal level theory (CLT) proposes a new explanation of these similarities.
18 hours ago · The intertemporal CAPM and consumption-based CAPM similarly extend the model. With intertemporal portfolio choice , the investor now repeatedly optimizes her portfolio; while the inclusion of consumption (in the economic sense) then incorporates all sources of wealth, and not just market-based investments, into the investor's calculation of ...
4 days ago · Download PDF. The framework of this paper was intertemporal choice, that is to say, the process whereby people were required to choose between a smaller-sooner reward and a larger-later income. In this study, the selection of rewards was supported by a discount function instead of direct preferences between the involved rewards.
5 days ago · Abstract: Intertemporal choice refers to decisions involving tradeoffs among costs and benefits occurring at different times. A great amount of researches have proved that, in intertemporal choice, people generally discount the later or future values, which is called time discounting, and then make tradeoffs between these vales and sooner values.
2 days ago · Overview. This subject examines the development of the microeconomic theory of the behaviour of economic agents and how the behaviour of economic agents and government influence the efficiency of the economy.
