Choice over Time

Paola Manzini*, Marco Mariotti

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapter in a book

9 Citations (Scopus)

Abstract

This chapter reviews both the theoretical modeling and the experimental evidence, relating to choice over time. Most of the space is devoted to choices between outcome-date pairs, which has been better studied, especially experimentally, but it also discusses choices between time sequences of outcomes. It distinguishes between "soft anomalies", which can be accommodated by a simple modification of the standard exponential discounting model (e.g. hyperbolic discounting) and "hard anomalies" which pose a more fundamental challenge.

Original languageEnglish
Title of host publicationThe Handbook of Rational and Social Choice
PublisherOxford: Oxford University Press
Volume9780199290420
ISBN (Electronic)9780191710506
ISBN (Print)9780199290420
DOIs
Publication statusPublished - 1 May 2009

Bibliographical note

Publisher Copyright:
© Oxford University Press, 2009. All rights reserved.

Copyright:
Copyright 2018 Elsevier B.V., All rights reserved.

Keywords

  • Discounting models
  • Experimental evidence
  • Hard annomalies
  • Hyperbolic discounting
  • Soft anomalies
  • Time

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