Violations of Present-value Maximization in Income Choice
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- Gary Gigliotti & Barry Sopher, 1997. "Violations of Present-Value Maximization in Income Choice," Theory and Decision, Springer, vol. 43(1), pages 45-69, July.
References listed on IDEAS
- Loewenstein, George F & Sicherman, Nachum, 1991. "Do Workers Prefer Increasing Wage Profiles?," Journal of Labor Economics, University of Chicago Press, vol. 9(1), pages 67-84, January.
- Machina, Mark J, 1989. "Dynamic Consistency and Non-expected Utility Models of Choice under Uncertainty," Journal of Economic Literature, American Economic Association, vol. 27(4), pages 1622-1668, December.
- Uri Benzion & Amnon Rapoport & Joseph Yagil, 1989. "Discount Rates Inferred from Decisions: An Experimental Study," Management Science, INFORMS, vol. 35(3), pages 270-284, March.
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Cited by:
- Vivian Lei & Charles N. Noussair, 2002.
"An Experimental Test of an Optimal Growth Model,"
American Economic Review, American Economic Association, vol. 92(3), pages 549-570, June.
- Lei, V. & Noussair, C., 2000. "An Experimental Test of an Optimal Growth Model," Purdue University Economics Working Papers 1131, Purdue University, Department of Economics.
- Ali al-Nowaihi & Sanjit Dhami, 2018. "Foundations for Intertemporal Choice," CESifo Working Paper Series 6913, CESifo.
- Manzini, Paola & Mariotti, Marco, 2007.
"Choice Over Time,"
IZA Discussion Papers
2993, Institute of Labor Economics (IZA).
- Paola Manzini & Marco Mariotti, 2007. "Choice over Time," Working Papers 605, Queen Mary University of London, School of Economics and Finance.
- Duffy, Sean & Smith, John & Woods, Kristin, 2015. "How does the preference for increasing payments depend on the size and source of the payments?," MPRA Paper 64212, University Library of Munich, Germany.
- Stephen L. Cheung, 2020.
"Eliciting utility curvature in time preference,"
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- Cheung, Stephen L., 2015. "Eliciting utility curvature and time preference," Working Papers 2015-01, University of Sydney, School of Economics.
- Cheung, Stephen L., 2019. "Eliciting Utility Curvature in Time Preference," IZA Discussion Papers 12535, Institute of Labor Economics (IZA).
- Paola Manzini & Marco Mariotti & Luigi Mittone, 2010.
"Choosing monetary sequences: theory and experimental evidence,"
Theory and Decision, Springer, vol. 69(3), pages 327-354, September.
- Paola Manzini & Marco Mariotti & Luigi Mittone, 2006. "Choosing Monetary Sequences: Theory and Experimental Evidence," CEEL Working Papers 0601, Cognitive and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia.
- Paola Manzini & Marco Mariotti & Luigi Mittone, 2006. "Choosing Monetary Sequences: Theory and Experimental Evidence," Working Papers 562, Queen Mary University of London, School of Economics and Finance.
- Manzini, Paola & Mariotti, Marco & Mittone, Luigi, 2006. "Choosing Monetary Sequences: Theory and Experimental Evidence," IZA Discussion Papers 2129, Institute of Labor Economics (IZA).
- John Smith, 2009.
"Imperfect Memory and the Preference for Increasing Payments,"
Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 165(4), pages 684-700, December.
- John Smith, 2008. "Imperfect Memory and the Preference for Increasing Payments," Departmental Working Papers 200805, Rutgers University, Department of Economics.
- Jeffery L. Guyse & Jay Simon, 2011. "Consistency Among Elicitation Techniques for Intertemporal Choice: A Within-Subjects Investigation of the Anomalies," Decision Analysis, INFORMS, vol. 8(3), pages 233-246, September.
- Duxbury, Darren & Summers, Barbara & Hudson, Robert & Keasey, Kevin, 2013. "How people evaluate defined contribution, annuity-based pension arrangements: A behavioral exploration," Journal of Economic Psychology, Elsevier, vol. 34(C), pages 256-269.
- repec:cup:judgdm:v:8:y:2013:i:1:p:74-90 is not listed on IDEAS
- Pavlo R. Blavatskyy, 2022. "Intertemporal choice as a tradeoff between cumulative payoff and average delay," Journal of Risk and Uncertainty, Springer, vol. 64(1), pages 89-107, February.
- Vital Anderhub & Werner Gäuth & Wieland Mäuller & Martin Strobel, 2000.
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Experimental Economics, Springer;Economic Science Association, vol. 3(2), pages 137-152, October.
- Vital Anderhub & Werner Güth & Wieland Müller & Martin Strobel, 2000. "An Experimental Analysis of Intertemporal Allocation Behavior," Experimental Economics, Springer;Economic Science Association, vol. 3(2), pages 137-152, October.
- Smith, John, 2009. "Cognitive dissonance and the overtaking anomaly: Psychology in the principal-agent relationship," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(4), pages 684-690, August.
- Duffy, Sean & Smith, John, 2013.
"Preference for increasing wages: How do people value various streams of income?,"
Judgment and Decision Making, Cambridge University Press, vol. 8(1), pages 74-90, January.
- Sean Duffy & John Smith, 2013. "Preference for increasing wages: How do people value various streams of income?," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 8(1), pages 74-90, January.
- Duffy, Sean & Smith, John, 2010. "Preference for increasing wages: How do people value various streams of income?," MPRA Paper 23559, University Library of Munich, Germany.
- John Smith, 2007. "Cognitive Dissonance, Imperfect Memory and the Preference for Increasing Payments," Departmental Working Papers 200705, Rutgers University, Department of Economics.
- Daniel Read & Christopher Y. Olivola & David J. Hardisty, 2017. "The Value of Nothing: Asymmetric Attention to Opportunity Costs Drives Intertemporal Decision Making," Management Science, INFORMS, vol. 63(12), pages 4277-4297, December.
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More about this item
Keywords
bounded rationality; intertemporal choice; present value; self management; sequence preference;All these keywords.
JEL classification:
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
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