Inference and preference in intertemporal choice

When choosing between immediate and future rewards, how do people deal with uncertainty about the value of the future outcome or the delay until its occurrence? Skylark et al. (2020) suggested that people employ a delay-reward heuristic: the inferred value of an ambiguous future reward is a function...

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Bibliographic Details
Main Authors: William J. Skylark, George D. Farmer, Nadia Bahemia
Format: Article
Language:English
Published: Society for Judgment and Decision Making 2021-03-01
Series:Judgment and Decision Making
Subjects:
Online Access:http://journal.sjdm.org/21/210122a/jdm210122a.pdf