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| Author: | Read, D. Powell, M. |
| Title: | Reasons for sequence preferences |
| Journal: | Journal of Behavioral Decision Making
2002 : DEC, VOL. 15:5, p. 433-460 |
| Index terms: | Psychology Rationality Sequential analysis |
| Language: | eng |
| Abstract: | Much research shows that when it comes to preferences over sequences of money, such as a monthly paycheck, people do not always maximize present value. To unearth the reasons for sequence preferences the authors conducted a verbal-protocol analysis of choices between money sequences, including lifetime and one-year earnings and one-year lottery winnings, as well as lifetime health sequences. |
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