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01440nam a2200229Ia 4500 |
| 001 |
10.1016-j.jmse.2019.05.001 |
| 008 |
220511s2019 CNT 000 0 und d |
| 020 |
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|a 20962320 (ISSN)
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| 245 |
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|a Projection bias, sophistication, and sub-additive discounting
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| 260 |
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|b KeAi Communications Co.
|c 2019
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| 856 |
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|z View Fulltext in Publisher
|u https://doi.org/10.1016/j.jmse.2019.05.001
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|a Behavioral studies have revealed the sub-additive discounting pattern, which is at odds with the prevailing hyperbolic discounting framework that explains intertemporal choices. In this study, we demonstrate that completely and partially sophisticated individuals who are aware of their shifting preferences over time may exhibit sub-additive discounting behaviors. More importantly, these behaviors are not determined by whether an individual has hyperbolic time preferences or not. Instead, we show that the choices of reference points and partial projection bias may be the underlying drivers of the observed sub-additive discounting. © 2019 China Science Publishing & Media Ltd.
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|a Hyperbolic discounting
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|a Non-hyperbolic discounting
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|a Projection bias
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|a Reference point
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| 650 |
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|a Sub-additive discounting
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| 700 |
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|a Chen, S.
|e author
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|a Fu, R.
|e author
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|a Wedge, L.
|e author
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|a Zou, Z.
|e author
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| 773 |
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|t Journal of Management Science and Engineering
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