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dc.contributor.authorManzini, Paolaen_US
dc.contributor.authorMariotti, Marcoen_US
dc.date.accessioned2012-09-20T13:01:24Z-
dc.date.available2012-09-20T13:01:24Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/62885-
dc.description.abstractIn the last twenty years a growing body of experimental evidence has posed a challenge to the standard Exponential Discounting Model of choice over time. Attention has focused on some specific 'anomalies', notably preference reversal and declining discount rates, leading to the formulation of the model of hyperbolic discounting which is finding increasing favour in the literature. In this paper we provide a survey of both the theoretical modelling and the experimental evidence relating to choice over time. As we will show, a careful analysis of the mapping between theoretical models and experimental investigations raises questions as to whether some of the most focused upon anomalies should be indeed classified as such, or whether they are really the most challenging ones for conventional theory. New developments are emerging both at the theoretical and empirical level, opening up new exciting avenues for investigation.en_US
dc.language.isoengen_US
dc.publisherQueen Mary, Univ. of London, Dep. of Economics Londonen_US
dc.relation.ispartofseriesWorking Paper, Department of Economics, Queen Mary, University of London 605en_US
dc.subject.jelC91en_US
dc.subject.jelD9en_US
dc.subject.ddc330en_US
dc.subject.keywordTime preferenceen_US
dc.subject.keywordChoice over timeen_US
dc.subject.keywordTheoryen_US
dc.subject.keywordExperimentsen_US
dc.subject.stwZeitpräferenzen_US
dc.subject.stwZeitkonsistenzen_US
dc.subject.stwVerhaltensökonomiken_US
dc.subject.stwTesten_US
dc.subject.stwTheorieen_US
dc.titleChoice over timeen_US
dc.typeWorking Paperen_US
dc.identifier.ppn541697218en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:Working Paper Series, School of Economics and Finance, Queen Mary, University of London

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