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New paradoxes in intertemporal choice
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نویسنده
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rao l.-l. ,li s.
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منبع
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judgment and decision making - 2011 - دوره : 6 - شماره : 2 - صفحه:122 -129
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چکیده
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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.
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کلیدواژه
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Cancellation; Intertemporal choice; Risky choice
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آدرس
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institute of psychology,chinese academy of sciences,china,graduate university of chinese academy of sciences, China, key laboratory of behavioral science,institute of psychology,chinese academy of sciences,4a datun road,chaoyang district,beijing (100101), China
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Authors
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