New paradoxes in intertemporal choice

被引:6
作者
Rao, Li-Lin [2 ]
Li, Shu [1 ]
机构
[1] Chinese Acad Sci, Inst Psychol, Key Lab Behav Sci, Beijing 100101, Peoples R China
[2] Chinese Acad Sci, Grad Univ, Beijing 100101, Peoples R China
关键词
intertemporal choice; risky choice; cancellation; DECISION-MAKING; IMMEDIACY; UTILITY; TIME; RISK; UNCERTAINTY; PSYCHOLOGY; ECONOMICS; CERTAINTY; MODEL;
D O I
暂无
中图分类号
B84 [心理学];
学科分类号
04 ; 0402 ;
摘要
Similar to research on risky choice, the traditional analysis of intertemporal choice takes the view that an individual behaves so as to maximize the discounted sum of all future utilities. The well-known Allais paradox contradicts the fundamental postulates of maximizing the expected value or utility of a risky option. We describe a violation of the law of diminishing marginal utility as well as an intertemporal version of the Allais paradox.
引用
收藏
页码:122 / 129
页数:8
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