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  1. Introduction: methodologies of bounded rationality.Till Grüne-Yanoff, Caterina Marchionni & Ivan Moscati - 2014 - Journal of Economic Methodology 21 (4):325-342.
    The modelling of bounded rationality is currently pursued by approaches that exhibit a wide diversity of methodologies. This special issue collects five contributions that discuss different methodological aspects of these approaches. In our introduction, we map the variety of methodological positions with respect to three questions. First, what kinds of evidence do the respective approaches consider relevant for modelling bounded rationality? Second, what kind of modelling desiderata do the respective approaches focus on? And third, how do the respective approaches justify (...)
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  • Statistical inference for measures of predictive success.Thomas Demuynck - 2015 - Theory and Decision 79 (4):689-699.
    We provide statistical inference for measures of predictive success. These measures are frequently used to evaluate and compare the performance of different models of individual and group decision making in experimental and revealed preference studies. We provide a brief illustration of our findings by comparing the predictive success of different revealed preference tests for models of intertemporal decision making. This demonstrates that it is possible to compare the predictive success of different models in a statistically meaningful way.
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  • Intertemporal choice with savoring of yesterday.Pavlo R. Blavatskyy - 2022 - Theory and Decision 94 (3):539-554.
    The problem of intertemporal choice arises when outcomes are received in different moments of time. This paper presents an axiomatic model of intertemporal choice when consumption in the previous moment of time contributes to utility evaluation of consumption in the current moment. This model generalizes classic discounted utility theory (also known as constant or exponential discounting) in two ways. First, in every moment of time, a decision maker derives utility not only from current consumption but also from “residual” consumption in (...)
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  • The value of nothing : asymmetric attention to opportunity costs drives intertemporal decision making.Daniel Read, C. Y. Olivola & D. Hardisty - 2017 - Management Science 63 (12).
    This paper proposes a novel account of why intertemporal decisions tend to display impatience: People pay more attention to the opportunity costs of choosing larger, later rewards than to the opportunity costs of choosing smaller, sooner ones. Eight studies show that when the opportunity costs of choosing smaller, sooner rewards are subtly highlighted, people become more patient, whereas highlighting the opportunity costs of choosing larger, later rewards has no effect. This pattern is robust to variations in the choice task, to (...)
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