Concentration Bias in Intertemporal Choice
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Markus Dertwinkel-Kalt & Holger Gerhardt & Gerhard Riener & Frederik Schwerter & Louis Strang, 2021. "Concentration Bias in Intertemporal Choice," ECONtribute Discussion Papers Series 076, University of Bonn and University of Cologne, Germany.
- Markus Dertwinkel-Kalt & Holger Gerhardt & Gerhard Riener & Frederik Schwerter & Louis Strang, 2021. "Concentration Bias in Intertemporal Choice," CESifo Working Paper Series 9011, CESifo.
References listed on IDEAS
- Ned Augenblick & Muriel Niederle & Charles Sprenger, 2015. "Editor's Choice Working over Time: Dynamic Inconsistency in Real Effort Tasks," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 130(3), pages 1067-1115.
- Thomas Davidoff & Jeffrey R. Brown & Peter A. Diamond, 2005.
"Annuities and Individual Welfare,"
American Economic Review, American Economic Association, vol. 95(5), pages 1573-1590, December.
- Thomas Davidoff & Jeffrey R. Brown & Peter A. Diamond, 2003. "Annuities and Individual Welfare," NBER Working Papers 9714, National Bureau of Economic Research, Inc.
- Canidio, Andrea & Karle, Heiko, 2022.
"The focusing effect in negotiations,"
Journal of Economic Behavior & Organization, Elsevier, vol. 197(C), pages 1-20.
- Karle, Heiko & Canidio, Andrea, 2021. "The Focusing Effect in Negotiations," CEPR Discussion Papers 15698, C.E.P.R. Discussion Papers.
- Andrea Canidio & Heiko Karle, 2021. "The Focusing Effect in Negotiations," CESifo Working Paper Series 9297, CESifo.
- M. Daniele Paserman, 2008.
"Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation,"
Economic Journal, Royal Economic Society, vol. 118(531), pages 1418-1452, August.
- M. Daniele Paserman, 2008. "Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation," Economic Journal, Royal Economic Society, vol. 118(531), pages 1418-1452, August.
- Paserman, Daniele, 2004. "Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation," CEPR Discussion Papers 4396, C.E.P.R. Discussion Papers.
- M. Daniele Paserman, 2004. "Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation," 2004 Meeting Papers 99, Society for Economic Dynamics.
- Paserman, M. Daniele, 2004. "Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation," IZA Discussion Papers 997, Institute of Labor Economics (IZA).
- Arno Apffelstaedt & Lydia Mechtenberg, 2021.
"Competition for Context-Sensitive Consumers,"
Management Science, INFORMS, vol. 67(5), pages 2828-2844, May.
- Apffelstaedt, Arno & Mechtenberg, Lydia, 2016. "Competition for Context-Sensitive Consumers," MPRA Paper 99509, University Library of Munich, Germany.
- Dertwinkel-Kalt, Markus & Köster, Mats & Peiseler, Florian, 2019.
"Attention-driven demand for bonus contracts,"
European Economic Review, Elsevier, vol. 115(C), pages 1-24.
- Dertwinkel-Kalt, Markus & Köster, Mats & Peiseler, Florian, 2018. "Attention-driven demand for bonus contracts," DICE Discussion Papers 304, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Markus Dertwinkel-Kalt & Mats Köster & Florian Peiseler, 2019. "Attention-driven demand for bonus contracts," CESifo Working Paper Series 7539, CESifo.
- Yoram Halevy & Dotan Persitz & Lanny Zrill, 2018.
"Parametric Recoverability of Preferences,"
Journal of Political Economy, University of Chicago Press, vol. 126(4), pages 1558-1593.
- Halevy, Yoram & Persitz, Dotan & Zrill, Lanny, 2012. "Parametric Recoverability of Preferences," Microeconomics.ca working papers yoram_halevy-2012-20, Vancouver School of Economics, revised 28 Aug 2015.
- Halevy, Yoram & Persitz, Dotan & Zrill, Lanny, 2016. "Parametric Recoverability of Preferences," Microeconomics.ca working papers yoram_halevy-2016-11, Vancouver School of Economics, revised 02 Nov 2016.
- Benjamin Enke, 2020.
"What You See Is All There Is,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 135(3), pages 1363-1398.
- Benjamin Enke, 2020. "What You See Is All There Is," CESifo Working Paper Series 8131, CESifo.
- Andrea Gallice & Edoardo Grillo, 2020. "Economic and Social-Class Voting in a Model of Redistribution with Social Concerns," Journal of the European Economic Association, European Economic Association, vol. 18(6), pages 3140-3172.
- Benjamin Bushong & Matthew Rabin & Joshua Schwartzstein, 2021. "A Model of Relative Thinking," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 88(1), pages 162-191.
- Botond Koszegi & Adam Szeidl, 2013.
"A Model of Focusing in Economic Choice,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 128(1), pages 53-104.
- Adam Szeidl & Botond Koszegi, 2011. "A Model of Focusing in Economic Choice," 2011 Meeting Papers 1441, Society for Economic Dynamics.
- Keri L. Kettle & Remi Trudel & Simon J. Blanchard & Gerald Häubl, 2016. "Repayment Concentration and Consumer Motivation to Get Out of Debt," Journal of Consumer Research, Journal of Consumer Research Inc., vol. 43(3), pages 460-477.
- Kenneth L. Judd, 1998. "Numerical Methods in Economics," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262100711, December.
- Andrea Gallice & Edoardo Grillo, 2016. "Economic and Class Voting in a Model of Redistribution with Social Concerns," Carlo Alberto Notebooks 448, Collegio Carlo Alberto.
- Ned Augenblick & Matthew Rabin, 2019. "An Experiment on Time Preference and Misprediction in Unpleasant Tasks," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 86(3), pages 941-975.
- Andrea Gallice & Edoardo Grillo, 0.
"Economic and Social-Class Voting in a Model of Redistribution with Social Concerns,"
Journal of the European Economic Association, European Economic Association, vol. 18(6), pages 3140-3172.
- Andrea Gallice & Edoardo Grillo, 2016. "Economic and Social-Class Voting in a Model of Redistribution with Social Concerns," Carlo Alberto Notebooks 448, Collegio Carlo Alberto, revised 2018.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Dertwinkel-Kalt, Markus & Wenzel, Tobias, 2019.
"Focusing and framing of risky alternatives,"
Journal of Economic Behavior & Organization, Elsevier, vol. 159(C), pages 289-304.
- Dertwinkel-Kalt, Markus & Wenzel, Tobias, 2017. "Focusing and framing of risky alternatives," DICE Discussion Papers 279, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Markus Dertwinkel-Kalt & Mats Köster & Matthias Sutter, 2019. "To Buy or not to Buy? Shrouding and Partitioning of Prices in an Online Shopping Field Experiment," CESifo Working Paper Series 7475, CESifo.
- Adloff, Susann, 2021. "Adapting to Climate Change: Threat Experience, Cognition and Protection Motivation," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242400, Verein für Socialpolitik / German Economic Association.
- Benjamin Enke & Thomas W. Graeber, 2021. "Cognitive Uncertainty in Intertemporal Choice," CESifo Working Paper Series 9472, CESifo.
- Zhuo Chen & Russell Golman & Jason Somerville, 2024. "Menu-dependent risk attitudes: Theory and evidence," Journal of Risk and Uncertainty, Springer, vol. 68(1), pages 77-105, February.
- Dertwinkel-Kalt, Markus & Köster, Mats & Peiseler, Florian, 2019.
"Attention-driven demand for bonus contracts,"
European Economic Review, Elsevier, vol. 115(C), pages 1-24.
- Dertwinkel-Kalt, Markus & Köster, Mats & Peiseler, Florian, 2018. "Attention-driven demand for bonus contracts," DICE Discussion Papers 304, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Markus Dertwinkel-Kalt & Mats Köster & Florian Peiseler, 2019. "Attention-driven demand for bonus contracts," CESifo Working Paper Series 7539, CESifo.
- McGowan, Féidhlim P. & Denny, Eleanor & Lunn, Peter D., 2023. "Looking beyond time preference: Testing potential causes of low willingness to pay for fuel economy improvements," Resource and Energy Economics, Elsevier, vol. 75(C).
- Canidio, Andrea & Karle, Heiko, 2022.
"The focusing effect in negotiations,"
Journal of Economic Behavior & Organization, Elsevier, vol. 197(C), pages 1-20.
- Karle, Heiko & Canidio, Andrea, 2021. "The Focusing Effect in Negotiations," CEPR Discussion Papers 15698, C.E.P.R. Discussion Papers.
- Andrea Canidio & Heiko Karle, 2021. "The Focusing Effect in Negotiations," CESifo Working Paper Series 9297, CESifo.
- Ayala Arad & Amnon Maltz, 2022. "Turning on Dimensional Prominence in Decision Making: Experiments and a Model," Management Science, INFORMS, vol. 68(8), pages 6075-6099, August.
- Benjamin Enke & Thomas Graeber & Ryan Oprea, 2023. "Complexity and Time," CESifo Working Paper Series 10327, CESifo.
- Jason Somerville, 2022. "Range‐Dependent Attribute Weighting in Consumer Choice: An Experimental Test," Econometrica, Econometric Society, vol. 90(2), pages 799-830, March.
- Evert Reins, 2021. "Seductive subsidies? An analysis of second-degree moral hazard in the context of photovoltaic solar systems," IRENE Working Papers 21-03, IRENE Institute of Economic Research.
- George Loewenstein & Zachary Wojtowicz, 2023. "The Economics of Attention," CESifo Working Paper Series 10712, CESifo.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Canidio, Andrea & Karle, Heiko, 2022.
"The focusing effect in negotiations,"
Journal of Economic Behavior & Organization, Elsevier, vol. 197(C), pages 1-20.
- Andrea Canidio & Heiko Karle, 2021. "The Focusing Effect in Negotiations," CESifo Working Paper Series 9297, CESifo.
- Karle, Heiko & Canidio, Andrea, 2021. "The Focusing Effect in Negotiations," CEPR Discussion Papers 15698, C.E.P.R. Discussion Papers.
- Herweg, Fabian & Weinschenk, Philipp, 2022. "Multi-attribute heuristics and intertemporal choices," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 174-181.
- Roman Inderst & Martin Obradovits, 2023.
"Excessive Competition On Headline Prices,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 64(2), pages 783-808, May.
- Inderst, Roman & Martin, Obradovits, 2016. "Excessive Competition for Headline Prices," CEPR Discussion Papers 11284, C.E.P.R. Discussion Papers.
- Inderst, Roman & Obradovits, Martin, 2021. "Excessive Competition on Headline Prices," EconStor Preprints 253666, ZBW - Leibniz Information Centre for Economics.
- Zachary Breig, 2020. "Prediction and Model Selection in Experiments," The Economic Record, The Economic Society of Australia, vol. 96(313), pages 153-176, June.
- Carroni, Elias & Mantovani, Andrea & Minniti, Antonio, 2023. "Price signaling with salient-thinking consumers," Games and Economic Behavior, Elsevier, vol. 138(C), pages 238-253.
- Mariana Carrera & Heather Royer & Mark Stehr & Justin Sydnor & Dmitry Taubinsky, 2022.
"Who Chooses Commitment? Evidence and Welfare Implications,"
The Review of Economic Studies, Review of Economic Studies Ltd, vol. 89(3), pages 1205-1244.
- Mariana Carrera & Heather Royer & Mark Stehr & Justin Sydnor & Dmitry Taubinsky, 2019. "Who Chooses Commitment? Evidence and Welfare Implications," NBER Working Papers 26161, National Bureau of Economic Research, Inc.
- Anett John, 2020. "When Commitment Fails: Evidence from a Field Experiment," Management Science, INFORMS, vol. 66(2), pages 503-529, February.
- Stein T. Holden & Dag Einar Sommervoll & Mesfin Tilahun, 2022.
"Mental Zooming as Variable Asset Integration in Inter-Temporal Choice,"
International Journal of Applied Behavioral Economics (IJABE), IGI Global, vol. 11(1), pages 1-21, January.
- Holden, Stein T. & Sommervoll, Dag Einar & Tilahun, Mesfin, 2020. "Mental Zooming as Variable Asset Integration in Inter-temporal Choice," CLTS Working Papers 7/20, Norwegian University of Life Sciences, Centre for Land Tenure Studies.
- Werthschulte, Madeline, 2023. "Present focus and billing systems: Testing ‘pay-as-you-go’ vs. ‘pay-later’," Journal of Economic Behavior & Organization, Elsevier, vol. 212(C), pages 108-121.
- Stefano Della & Jörg Heining & Johannes F Schmieder & Simon Trenkle, 2023.
"Evidence on Job Search Models from a Survey of Unemployed Workers in Germany,"
The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 137(2), pages 1181-1232.
- DellaVigna, Stefano & Heining, Jörg & Schmieder, Johannes F. & Trenkle, Simon, 2020. "Evidence on Job Search Models from a Survey of Unemployed Workers in Germany," IZA Discussion Papers 13189, Institute of Labor Economics (IZA).
- DellaVigna, Stefano & Heining, Jörg & Schmieder, Johannes F. & Trenkle, Simon, 2020. "Evidence on job search models from a survey of unemployed workers in Germany," IAB-Discussion Paper 202013, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
- Stefano DellaVigna & Jörg Heining & Johannes F. Schmieder & Simon Trenkle, 2020. "Evidence on Job Search Models from a Survey of Unemployed Workers in Germany," NBER Working Papers 27037, National Bureau of Economic Research, Inc.
- Dertwinkel-Kalt, Markus & Köster, Mats & Peiseler, Florian, 2019.
"Attention-driven demand for bonus contracts,"
European Economic Review, Elsevier, vol. 115(C), pages 1-24.
- Dertwinkel-Kalt, Markus & Köster, Mats & Peiseler, Florian, 2018. "Attention-driven demand for bonus contracts," DICE Discussion Papers 304, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Markus Dertwinkel-Kalt & Mats Köster & Florian Peiseler, 2019. "Attention-driven demand for bonus contracts," CESifo Working Paper Series 7539, CESifo.
- Fabio Galeotti & Maria Montero & Anders Poulsen, 2022.
"The Attraction and Compromise Effects in Bargaining: Experimental Evidence,"
Management Science, INFORMS, vol. 68(4), pages 2987-3007, April.
- Fabio Galeotti & Maria Montero & Anders Poulsen, 2017. "The attraction and compromise effects in bargaining: Experimental evidence," Working Paper series, University of East Anglia, Centre for Behavioural and Experimental Social Science (CBESS) 17-04, School of Economics, University of East Anglia, Norwich, UK..
- Fabio Galeotti & Maria Montero & Anders Poulsen, 2020. "The Attraction and Compromise Effects in Bargaining: Experimental Evidence," Working Papers halshs-02466032, HAL.
- Fabio Galeotti, 2017. "The Attraction and Compromise Effects in Bargaining: Experimental Evidence," Post-Print halshs-01657317, HAL.
- Fabio Galeotti & Maria Montero & Anders Poulsen, 2018. "The Attraction and Compromise Effects in Bargaining: Experimental Evidence," Post-Print halshs-01820223, HAL.
- Fabio Galeotti & Maria Montero & Anders Poulsen, 2022. "The Attraction and Compromise Effects in Bargaining: Experimental Evidence," Post-Print hal-03514435, HAL.
- Nafziger, Julia & Kaiser, Jonas P. & Koch, Alexander K, 2021. "Self-Set Goals Are Effective Self-Regulation Tools -- Despite Goal Revision," CEPR Discussion Papers 15716, C.E.P.R. Discussion Papers.
- Cobb-Clark, Deborah A. & Dahmann, Sarah C. & Kamhöfer, Daniel A. & Schildberg-Hörisch, Hannah, 2022.
"The Determinants of Population Self-Control,"
IZA Discussion Papers
15175, Institute of Labor Economics (IZA).
- Cobb-Clark, Deborah A. & Dahmann, Sarah Christina & Kamhöfer, Daniel A. & Schildberg-Hörisch, Hannah, 2022. "The determinants of population self-control," DICE Discussion Papers 385, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
- Alt, Marius, 2021. "Committing to behave pro-environmentally: An assessment of time and regulatee-size effects on the demand for environmental regulation," VfS Annual Conference 2021 (Virtual Conference): Climate Economics 242419, Verein für Socialpolitik / German Economic Association.
- Blake, David & Wright, Douglas & Zhang, Yumeng, 2014.
"Age-dependent investing: Optimal funding and investment strategies in defined contribution pension plans when members are rational life cycle financial planners,"
Journal of Economic Dynamics and Control, Elsevier, vol. 38(C), pages 105-124.
- Blake, David & Wright, Douglas & Zhang, Yumeng, 2011. "Age dependent investing: Optimal funding and investment strategies in defined contribution pension plans when members are rational life cycle financial planners," MPRA Paper 34277, University Library of Munich, Germany.
- Thomas Epper & Ernst Fehr & Helga Fehr-Duda & Claus Thustrup Kreiner & David Dreyer Lassen & Søren Leth-Petersen & Gregers Nytoft Rasmussen, 2020.
"Time Discounting and Wealth Inequality,"
American Economic Review, American Economic Association, vol. 110(4), pages 1177-1205, April.
- Thomas Epper & Ernst Fehr & Helga Fehr-Duda & Claus Thustrup Kreiner & David Dreyer Lassen & Soeren Leth-Petersen & Gregers Nytoft Rasmussen, 2019. "Time Discounting and Wealth Inequality," CEBI working paper series 19-08, University of Copenhagen. Department of Economics. The Center for Economic Behavior and Inequality (CEBI).
- Epper, Thomas & Fehr, Ernst & Fehr-Duda, Helga & Thustrup Kreiner, Claus & Dreyer Lassen, David & Leth-Petersen, Søren & Nytoft Rasmussen, Gregers, 2019. "Time Discounting and Wealth Inequality," Economics Working Paper Series 1916, University of St. Gallen, School of Economics and Political Science.
- Bilancini, Ennio & Boncinelli, Leonardo, 2019.
"Wage inequality, labor income taxes, and the notion of social status,"
Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel), vol. 13, pages 1-35.
- Bilancini, Ennio & Boncinelli, Leonardo, 2018. "Wage inequality, labor income taxes, and the notion of social status," Economics Discussion Papers 2018-41, Kiel Institute for the World Economy (IfW Kiel).
- Hans Fehr, 2009. "Computable Stochastic Equilibrium Models and Their Use in Pension- and Ageing Research," De Economist, Springer, vol. 157(4), pages 359-416, December.
- Markus Dertwinkel‐Kalt & Mats Köster, 2022. "Attention to online sales: The role of brand image concerns," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 31(1), pages 64-89, February.
More about this item
Keywords
Attention; Focusing; Bounded rationality; Future bias; Present bias; Framing;All these keywords.
JEL classification:
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:restud:v:89:y:2022:i:3:p:1314-1334.. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/restud .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.