The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
Spending Time versus Spending Money
Abstract
We find systematic differences in the way that people spend time versus money. Ex post, people are able to more easily accommodate negative outcomes by adjusting the value of their temporal inputs. Ex ante, people are willing to spend more time for higher risk, higher return options whereas when spending money the pattern is reversed and the more standard pattern of increasing risk aversion is observed. Although accurate assessment of the opportunity costs of time is key to making good decisions, ambiguity in the value of time promotes accommodation and rationalization.
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Citations
Cites
The case for motivated reasoning.
Kunda, Z. (1990) · Psychological Bulletin · doi:10.1037/0033-2909.108.3.480 · Cited by 9,022
Subjective Construal, Social Inference, and Human Misunderstanding
Griffin, D. W., & Ross, L. (1991) · Advances in Experimental Social Psychology · doi:10.1016/s0065-2601(08)60333-0 · Cited by 404
Cited by
Justification effects on consumer choice of hedonic and utilitarian goods.
Okada, E. M. (2005) · Journal of Marketing Research · doi:10.1509/jmkr.42.1.43.56889 · Cited by 1,069
Self-citationThe Happiness of Giving: The Time-Ask Effect
Liu, W., & Aaker, J. (2008) · Journal of Consumer Research · doi:10.1086/588699 · Cited by 411
Frederick, S., Novemsky, N., Wang, J., Dhar, R., & Nowlis, S. (2009) · Journal of Consumer Research · doi:10.1086/599764 · Cited by 321
It’s about time: New perspectives and insights on time management
Aeon, B., & Aguinis, H. (2017) · Academy of Management Perspectives · doi:10.5465/amp.2016.0166 · Cited by 197
Intangibility in intertemporal choice
Rick, S., & Loewenstein, G. (2008) · Philosophical Transactions of the Royal Society B: Biological Sciences · doi:10.1098/rstb.2008.0150 · Cited by 95
Metadata
- Authors
- Okada, E. M., & Hoch, S. J.
- Venue
- Journal of Consumer Research
- Publisher
- Oxford University Press (OUP)
- Published
- 2004-09
- Volume
- 31
- Issue
- 2
- Pages
- 313-323
- ISSN
- 0093-5301 (ISSN-L)
- 1537-5277
- OpenAlex
- W2174289167
- Cited by
- 325
- References
- 2
- FWCI
- 3.43
- Type
- journal article
- Language
- en
- Open access
- closed
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
