search query: @indexterm time preference / total: 10
reference: 8 / 10
| Author: | Shelley, M. |
| Title: | Outcome signs, question frames and discount rates |
| Journal: | Management Science
1993 : JUL, VOL. 39:7, p. 806-815 |
| Index terms: | DISCOUNT RATE DECISION MAKING TIME PREFERENCE |
| Language: | eng |
| Abstract: | This study explains why gain/loss discount rate differences reported in previous studies cannot be attributed to outcome sign alone, but rather, must be associated with particular outcome-sign/question-frame combinations. To do so, it extends Loewenstein's (1988) framing model of intertemporal choice to negative outcomes and uses the resulting predictions to interpret and integrate the results of three previous studies comparing subjective discount rates (Thaler 1981, Loewenstein 1988, Benzion et al. 1989). |
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