Survey of time preference, delay discounting models
The paper surveys over twenty models of delay discounting (also known as temporal discounting, time preference, time discounting), that psychologists and economists have put forward to explain the way people actually trade off time and money. Using little more than the basic algebra of powers and lo...
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| Format: | Article |
| Language: | English |
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Society for Judgment and Decision Making
2013-03-01
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| Series: | Judgment and Decision Making |
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| Online Access: | http://journal.sjdm.org/12/12309/jdm12309.pdf |