Anomalies in Intertemporal Choice: Evidence and an Interpretation

# Anomalies in Intertemporal Choice: Evidence and an Interpretation > OpenAlex Metadata Hub · https://openalex.org/W2094104200 ## Bibliographic - **DOI:** 10.2307/2118482 - **Year:** 1992 - **Citations:** 2336 - **Open Access:** No (closed) - **License:** — - **Source:** https://doi.org/10.2307/2118482 ## Authors - George Loewenstein - Dražen Prelec ## Abstract Research on decision making under uncertainly has been strongly influenced by the documentation of numerous expected utility (EU) anomalies—behaviors that violate the expected utility axioms. The relative lack of progress on the closely related topic of intertemporal choice is partly due to the absence of an analogous set of discounted utility (DU) anomalies. We enumerate a set of DU anomalies analogous to the EU anomalies and propose a model that accounts for the anomalies, as well as other intertemporal choice phenomena incompatible with DU. We discuss implications for savings behavior, estimation of discount rates, and choice framing effects. ## Keywords George (robot), Interpretation (philosophy), Economics, Positive economics, Classics, Philosophy, History, Art history, Linguistics ## Concepts - George (robot) - Interpretation (philosophy) - Economics - Positive economics - Classics - Philosophy - History - Art history - Linguistics --- *Metadata only — full text not imported unless Open Access license permits.*

Bài “Anomalies in Intertemporal Choice: Evidence and an Interpretation” được TradingBase chuyển thành Knowledge Product cho trader — không phải trang đọc abstract OpenAlex. Tóm lược học thuật (đã diễn giải): Research on decision making under uncertainly has been strongly influenced by the documentation of numerous expected utility (EU) anomalies—behaviors that violate the expected utility axioms. The relative lack of progress on the closely related topic of intertemporal choice is partly due to the absence of an analogous set of discounted utility (DU) anomalies. We enumerate a set of DU anomalies analogous to the EU anomalies and propose a model that accounts for the anomalies, as well as other intertemporal choice phenomena incompatible with DU. We discuss implications for savings behavior, estimation of discount rates, and choice framing effects. Phần Trading Insights bên dưới nối nghiên cứu với Forex, vàng, USD, lãi suất và risk regime — để bạn đưa vào journal và playbook. Metadata DOI/OA chỉ là rail tham chiếu; nội dung chính là summary, takeaways và ứng dụng thị trường do Content Factory sinh.