The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.
“Economics and Psychology”? The Case of Hyperbolic Discounting*
Open accessAbstract
The article questions the methodology of “economics and psychology” in its focus on the case of hyperbolic discounting. Using some experimental results, I argue that the same type of evidence, which rejects the standard constant discount utility functions, can just as easily reject hyperbolic discounting as well. Furthermore, a decision‐making procedure based on similarity relations better explains the observations and is more intuitive. The article concludes that combining “economics and psychology” requires opening the black box of decision makers instead of modifying functional forms.
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Citations
Cites
Loss aversion in riskless choice: A reference-dependent model.
Tversky, A., & Kahneman, D. (1991) · The Quarterly Journal of Economics · doi:10.2307/2937956 · Cited by 6,432
Golden eggs and hyperbolic discounting
Laibson, D. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555253 · Cited by 6,122
Myopia and Inconsistency in Dynamic Utility Maximization
Strotz, R. H. (1955) · The Review of Economic Studies · doi:10.2307/2295722 · Cited by 2,834
Cited by
Gigerenzer, G., & Gaissmaier, W. (2011) · Annual Review of Psychology · doi:10.1146/annurev-psych-120709-145346 · Cited by 4,037
Tying Odysseus to the Mast: Evidence From a Commitment Savings Product in the Philippines
Ashraf, N., Karlan, D., & Yin, W. (2006) · The Quarterly Journal of Economics · doi:10.1162/qjec.2006.121.2.635 · Cited by 1,542
The priority heuristic: Making choices without trade-offs.
Brandstätter, E., Gigerenzer, G., & Hertwig, R. (2006) · Psychological Review · doi:10.1037/0033-295x.113.2.409 · Cited by 745
Discounting Time and Time Discounting: Subjective Time Perception and Intertemporal Preferences
Zauberman, G., Kim, B. K., Malkoc, S. A., & Bettman, J. R. (2009) · Journal of Marketing Research · doi:10.1509/jmkr.46.4.543 · Cited by 489
Bryan, G., Karlan, D., & Nelson, S. (2010) · Annual Review of Economics · doi:10.1146/annurev.economics.102308.124324 · Cited by 448
Metadata
- Authors
- Rubinstein, A.
- Venue
- International Economic Review
- Publisher
- Wiley
- Published
- 2003-10-14
- Volume
- 44
- Issue
- 4
- Pages
- 1207-1216
- ISSN
- 0020-6598 (ISSN-L)
- 1468-2354
- OpenAlex
- W2130954955
- Cited by
- 506
- References
- 3
- FWCI
- 13.08
- Type
- journal article
- Language
- en
- Open access
- bronze
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- Rubinstein, A. (2003). “Economics and Psychology”? The Case of Hyperbolic Discounting*. International Economic Review. https://doi.org/10.1111/1468-2354.t01-1-00106
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
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.