Efekt skali w dyskontowaniu subiektywnym

• Authors: Maria Forlicz

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.

Keywords

PL

Badania ankietowe; Efekt skali; Metody dyskontowe

EN

Discount method; Economy of scale; Questionnaire survey

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Studia Ekonomiczne
• Year: 2013
• Volume: 154
• Pages: 9-21

Contributors

author

Maria Forlicz

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.

Identifiers

ISSN

2083-8611