Probability and Time Trade-Off

References

• Abdellaoui M. Parameter-free elicitation of utility and probability weighting functions. Management Sci. (2000) 46(11):1497–1512Link, Google Scholar
• Abdellaoui M., Diecidue E., Öncüler A. Risk preferences at different time periods: An experimental investigation. Management Sci. (2011) 57(5):975–987Link, Google Scholar
• Abdellaoui M., L'Haridon O., Zank H. Separating curvature and elevation: A parametric probability weighting function. J. Risk Uncertainty (2010) 41(1):39–65Crossref, Google Scholar
• Aczél J.Lectures on Functional Equations and Their Applications (1966) (Academic Press, New York) Google Scholar
• Allais M. Le comportement de l'homme rationnel devant le risque: Critique des postulats et axioms de l'école américaine. Econometrica (1953) 21(4):503–546Crossref, Google Scholar
• Andersen S., Harrison G. W., Lau M. I., Rutstroem E. E. Eliciting risk and time preferences. Econometrica (2008) 76(3):583–618Crossref, Google Scholar
• Attema A. E., Bleichrodt H., Rhode K. I. M., Wakker P. P. Time-tradeoff sequences for analyzing discounting and time inconsistency. Management Sci. (2010) 56(11):2015–2030Link, Google Scholar
• Baucells M., Heukamp F. H. Common ratio using delay. Theory Decision (2010) 68(1–2):149–158Crossref, Google Scholar
• Baucells M., Heukamp F. H., Villasís A. Trading-off probability and time: Experimental evidence. (2009) . Working paper, IESE Business School, Barcelona, SpainGoogle Scholar
• Benhabib J., Bisin A., Schotter A. Present-bias, quasi-hyperbolic discounting, and fixed costs. Games Econom. Behav. (2010) 69(2):205–223Crossref, Google Scholar
• Booij A. S., van Praag B., van de Kuilen G. A parametric analysis of prospect theory's functionals for the general population. Theory Decision (2010) 68(1–2):115–148Crossref, Google Scholar
• Bruhin A., Fehr-Duda H., Epper T. Risk and rationality: Uncovering heterogeneity in probability distortion. Econometrica (2010) 78(4):1375–1412Crossref, Google Scholar
• Chew S. H., Epstein L. G. Nonexpected utility preferences in a temporal framework with an application to consumption-savings behaviour. J. Econom. Theory (1990) 50(1):54–81Crossref, Google Scholar
• Ebert J. E. J., Prelec D. The fragility of time: Time-insensitivity and valuation of the near and far future. Management Sci. (2007) 53(9):1423–1438Link, Google Scholar
• Epstein L. G., Hynes J. A. The rate of time preference and dynamic economic analysis. J. Political Econom. (1983) 91(4):611–635Crossref, Google Scholar
• Fishburn P. C., Rubinstein A. Time preference. Internat. Econom. Rev. (1982) 23(3):677–694Crossref, Google Scholar
• Frederick S., Loewenstein G., O'Donoghue T. Time discounting and time preference: A critical review. J. Econom. Literature (2002) 40(2):351–401Crossref, Google Scholar
• Goldstein W. M., Einhorn H. J. Expression theory and the preference reversal phenomena. Psych. Rev. (1987) 94(2):236–254Crossref, Google Scholar
• Halevy Y. Strotz meets Allais: Diminishing impatience and the certainty effect. Amer. Econom. Rev. (2008) 98(3):1145–1162Crossref, Google Scholar
• Hershey J. C., Schoemaker P. J. H. Prospect theory's reflection hypothesis: A critical examination. Organ. Behav. Human Performance (1980) 25:395–418Crossref, Google Scholar
• Holt C., Laury S. Risk aversion and incentive effects. Amer. Econom. Rev. (2002) 92(5):1644–1655Crossref, Google Scholar
• Horowitz J. K., Kaish S., Gilad B. Discounting money payoffs: An experimental analysis. Handbook of Behavioral Economics (1991) 2B(JAI Press, Greenwich, CT) Google Scholar
• Kahneman D., Tversky A. Prospect theory: An analysis of decision under risk. Econometrica (1979) 47(2):263–292Crossref, Google Scholar
• Keren G., Roelofsma P. Immediacy and certainty in intertemporal choice. Organ. Behav. Human Decision Processes (1995) 63(3):287–297Crossref, Google Scholar
• Laibson D. Golden eggs and hyperbolic discounting. Quart. J. Econom. (1997) 112(2):443–477Crossref, Google Scholar
• Loewenstein G., Angner E., Loewenstein , et al. Predicting and indulging changing preferences. Decision and Time (2003) (Russell Sage Foundation, New York) Google Scholar
• Loewenstein G., Prelec D. Anomalies in intertemporal choice—Evidence and an interpretation. Quart. J. Econom. (1992) 107(2):573–597Crossref, Google Scholar
• Noor J. Intertemporal choice and the magnitude effect. Games Econom. Behav. (2011) 72(1):255–270Crossref, Google Scholar
• Noussair C., Wu P. Risk tolerance in the present and the future: An experimental study. Managerial Decision Econom. (2006) 27(6):401–412Crossref, Google Scholar
• Prelec D. The probability weighting function. Econometrica (1998) 66(3):497–527Crossref, Google Scholar
• Prelec D., Loewenstein G. Decision-making over time and under uncertainty—A common approach. Management Sci. (1991) 37(7):770–786Link, Google Scholar
• Quiggin J., Horowitz J. Time and risk. J. Risk Uncertainty (1995) 10(1):37–55Crossref, Google Scholar
• Rachlin H., Raineri A., Cross D. Subjective probability and delay. J. Experiment. Anal. Behav. (1991) 55(2):233–244Crossref, Google Scholar
• Read D., Frederick S., Orsel B., Rahman J. Four score and seven years from now: The date/delay effect in temporal discounting. Management Sci. (2005) 51(9):1326–1335Link, Google Scholar
• Simon H. A. Rationality as process and as product of a thought. Amer. Econom. Rev. (1978) 68(2):1–16Google Scholar
• Takeuchi K. Non-parametric test of time consistency: Present bias and future bias. Games Econom. Behav. (2011) 71(2):456–478Crossref, Google Scholar
• Thaler R. H. Some empirical-evidence on dynamic inconsistency. Econom. Lett. (1981) 8(3):201–207Crossref, Google Scholar
• Trope Y., Liberman N., Wakslak C. Construal levels and psychological distance: Effects on representation, prediction, evaluation, and behavior. J. Consumer Psych. (2007) 17(2):83–95Crossref, Google Scholar
• Tversky A., Wakker P. Risk attitudes and decision weights. Econometrica (1995) 63(6):1255–1280Crossref, Google Scholar