Magnitude effect in intertemporal allocation tasks
Sign Up to like & getrecommendations! Published in 2021 at "Experimental Economics"
DOI: 10.1007/s10683-021-09723-w
Abstract: Intertemporal choices are affected by both discount rate and utility curvature. We investigate how the two aspects of time preference are affected by the size of the total budget using an intertemporal allocation task. At… read more here.
Keywords: allocation; allocation tasks; magnitude effect; effect intertemporal ... See more keywords
More Is Meaningful: The Magnitude Effect in Intertemporal Choice Depends on Self-Control
Sign Up to like & getrecommendations! Published in 2017 at "Psychological Science"
DOI: 10.1177/0956797617711455
Abstract: Impulsivity is a variable behavioral trait that depends on numerous factors. For example, increasing the absolute magnitude of available choice options promotes farsighted decisions. We argue that this magnitude effect arises in part from differential… read more here.
Keywords: effect; self control; choice; magnitude effect ... See more keywords