Four score and seven years from now: the date/delay effect in temporal discounting
(2005)
Journal Article
Read, D., Frederick, S., Orsel, B., & Rahaman, J. (2005). Four score and seven years from now: the date/delay effect in temporal discounting. Management Science, 51(9), 1326-1335. https://doi.org/10.1287/mnsc.1050.0412
According to most models of intertemporal choice, an agent's discount rate is a function of how far the outcomes are removed from the present, and nothing else. This view has been challenged by recent studies, which show that discount rates tend to b... Read More about Four score and seven years from now: the date/delay effect in temporal discounting.