@techreport{Manzini2004Vague,
abstract = {We propose a novel approach to modelling time preferences, based on a cognitive
shortcoming of human decision makers: the perception of future events becomes
increasingly ?blurred? as the events are pushed further in time. We axiomatise a class of
preference representations which can be specialised to rationalise ?anomalies? such as
preference reversals and cyclical preferences. We also present an application to a form of
time inconsistency which we dub ?the now or never fallacy?.},
author = {Paola Manzini and Marco Mariotti},
copyright = {http://www.econstor.eu/dspace/Nutzungsbedingungen},
keywords = {D90; C70; A12; 330; time preferences; hyperbolic discounting; preference reversal; cycles; intransitive preferences; Zeitpr\"{a}ferenz; Verhaltens\"{o}konomik; Pr\"{a}ferenztheorie; Zeitkonsistenz; Theorie; now or never fallacy},
language = {eng},
number = {1228},
title = {A Vague Theory of Choice over Time},
type = {IZA Discussion paper series},
url = {http://hdl.handle.net/10419/20491},
year = {2004}
}
