Normative arguments from experts and peers reduce delay discounting

When making decisions that involve tradeoffs between the quality and timing of desirable outcomes, people consistently discount the value of future outcomes. A puzzling finding regarding such decisions is the extremely high rate at which people discount future monetary outcomes. Most economists woul...

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Bibliographic Details
Main Authors: Nicole Senecal, Teresa Wang, Elizabeth Thompson, Joseph W. Kable
Format: Article
Language:English
Published: Society for Judgment and Decision Making 2012-09-01
Series:Judgment and Decision Making
Subjects:
Online Access:http://journal.sjdm.org/10/10219a/jdm10219a.pdf