Learn how intertemporal choice influences both personal and business finance decisions today, shaping future opportunities ...

Discover how neuroeconomics connects economics, psychology, and neuroscience to decode decision-making processes, bridging the gap in economic theories.

Intertemporal choice examines how individuals weigh rewards available at different points in time, while delay discounting quantifies the tendency to devalue future rewards in favour of more immediate ...

Every day we make decisions that trade off short-term and long-term consequences. In such intertemporal choices between sooner-smaller and later-larger rewards, humans and other animals exhibit ...

Existing models of intertemporal choice such as discounted utility (also known as constant or exponential discounting), quasi-hyperbolic discounting and generalized hyperbolic discounting are not ...

We here estimate a number of alternatives to discounted-utility theory, such as quasi-hyperbolic discounting, generalized hyperbolic discounting, and rank-dependent discounted utility with three ...

People tend to attach less value to a good if they know a delay will occur before they obtain it. For example, people value receiving $100 tomorrow more than receiving $100 in 10 years. We explored ...