All Outputs (4)

Discounting by intervals: a generalized model of intertemporal choice (2006)
Journal Article
Scholten, M., & Read, D. (2006). Discounting by intervals: a generalized model of intertemporal choice. Management Science, 52(9), 1424-1436. https://doi.org/10.1287/mnsc.1060.0534

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 Discounting by intervals: a generalized model of intertemporal choice.

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.

Time discounting over the lifespan (2004)
Journal Article
Read, D., & Read, N. (2004). Time discounting over the lifespan. Organizational Behavior and Human Decision Processes, 94(1), 22-32. https://doi.org/10.1016/j.obhdp.2004.01.002

Several theories of intertemporal choice predict systematic age differences in the rate at which people discount the future. Different theories, however, predict different patterns: one predicts that discounting will decrease over the lifespan, so th... Read More about Time discounting over the lifespan.

Subadditive versus hyperbolic discounting: A comparison of choice and matching (2003)
Journal Article
Read, D., & Roelofsma, P. (2003). Subadditive versus hyperbolic discounting: A comparison of choice and matching. Organizational Behavior and Human Decision Processes, 91(2), 140-153. https://doi.org/10.1016/s0749-5978%2803%2900060-8

Impulsive and myopic choices are often explained as due to hyperbolic discounting, meaning that people are impatient for outcomes available immediately, and become increasingly more patient the more the outcome is delayed. Recent research, however, h... Read More about Subadditive versus hyperbolic discounting: A comparison of choice and matching.