Title

Is the evidence for hyperbolic discounting in humans just an experimental artefact?

Authors

Authors

G. W. Harrison;M. L. Lau

Comments

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Abbreviated Journal Title

Behav. Brain Sci.

Keywords

Psychology, Biological; Behavioral Sciences; Neurosciences

Abstract

We question the behavioral premise underlying Ainslie's claims about hyperbolic discounting theory The alleged evidence for humans can be easily explained as an artefact of experimental procedures that do not control for the credibility of payment over different time horizons. In appropriately controlled and financially motivated settings, human behavior is consistent with conventional exponential preferences.

Journal Title

Behavioral and Brain Sciences

Volume

28

Issue/Number

5

Publication Date

1-1-2005

Document Type

Editorial Material

Language

English

First Page

657

Last Page

+

WOS Identifier

WOS:000232949000009

ISSN

0140-525X

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