PL EN


2013 | 154 | 9-21
Article title

Efekt skali w dyskontowaniu subiektywnym

Authors
Content
Title variants
EN
The Magnitude Effect in Subjective Discounting
Languages of publication
PL
Abstracts
EN
According to discounted utility theory, which is considered normative theory of intertemporal choice, every amount of money or other asset discounted in the same circumstances should be discounted with the same discount rate. A lot of scientists claim that in reality subjective discount rates are not constant in constant circumstances. Magnitude effect, quite often described, may cause that bigger amounts are discounted less steeply than smaller ones. In this article results of previous research are described and compared to the results obtained by the author.
Year
Volume
154
Pages
9-21
Physical description
Contributors
author
References
  • Benzion U., Rapoport A., Yagil J., Discount Rates Inferred from Decisions: An Experimental Study, "Management Science" 1989, Vol. 35.
  • Faralla V., Benuzzi F., Nichelli P., Dimitri N., Gain and Losses in Intertemporal Preferences: A Behavioural Study, Labsi Working Paper, 2010, www.labsi. org/wp/labsi33.pdf (23.09.2011).
  • Johnson M.W., Bickel W.K., Within-subject comparison of real and hypothetical money rewards in delay discounting, "Journal of the Experimental analysis of behavior" 2002, Vol. 77.
  • Kirby K.N., Maraković N.N., Delay-discounting probabilistic rewards: Rates decrease as amounts increase, "Psychonomic Bulletin & Review" 1996, Vol. 3.
  • Myerson J., Green L., Discounting of delayed rewards: Models of individual choice, "Journal of the Experimental Analysis of Behavior" 1995, Vol. 64.
  • Odum A.L., Baumann A.A.L., Rimington D.D., Discounting of delayed hypothetical money and food: Effects of amount, "Behavioural Processes" 2006, Vol. 73.
Document Type
Publication order reference
Identifiers
ISSN
2083-8611
YADDA identifier
bwmeta1.element.desklight-16144cd3-0332-4498-b147-ecb4b13673db
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