Entrepreneurship: Tenacity, Future Self-Continuity, and Inter-Temporal Risky Choice
نویسندگان
چکیده
منابع مشابه
Inter-temporal Preference for Flexibility and Risky Choice∗
We derive an inter-temporal theory, in the spirit of Kreps and Porteus (1978), of changing tastes and unforeseen contingencies from normative primitives by weakening the completeness axiom of von Neumann and Morgenstern. Our agent can only partially order future decisions, yet desires inter-temporal consistency. Our formulation contrasts with existing literature in several ways: (i) the theory ...
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With life expectancy dramatically increasing throughout much of the world, people have to make choices with a longer future in mind than they ever had to before. Yet, many indicators suggest that undersaving for the long term often occurs: in America, for instance, many individuals will not be able to maintain their preretirement standard of living in retirement. Previous research has tried to ...
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There is growing interest in modelling how people make choices that involve both risks and delays, i.e., risky inter-temporal choices. We investigated an untested assumption underlying several proposed risky inter-temporal choice models: that pure risky choices and pure inter-temporal choices are special cases of risky inter-temporal choice. We tested this assumption by presenting a single grou...
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Utility based models are common in both the risky and intertemporal choice literatures. Recently there have been efforts to formulate models of choices which involve both risks and time delays. An important question then is whether the concept of utility is the same for risky and inter-temporal choices. We address this question by fitting versions of two popular utility based models, Cumulative...
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Despite increases in the human life span, people have not increased their rate of saving. In a phenomenon known as 'temporal discounting', people value immediate gains over future gains. According to a future self-continuity hypothesis, individuals perceive and treat the future self differently from the present self, and so might fail to save for their future. Neuroimaging offers a novel means ...
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ژورنال
عنوان ژورنال: Frontiers in Psychology
سال: 2020
ISSN: 1664-1078
DOI: 10.3389/fpsyg.2020.01647