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

    Authors

    G. W. Harrison;M. L. Lau

    Comments

    Authors: contact us about adding a copy of your work at STARS@ucf.edu

    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

    Share

    COinS