Psychological connectedness and intertemporal choice.

Psychological connectedness and intertemporal choice.

People tend to attach less value to a good if they know a delay will occur before they obtain it. For example, people value receiving $100 tomorrow more than receiving $100 in 10 years. We explored one reason for this tendency (due to Parfit, 1984): In terms of psychological properties, such as beliefs, values, and goals, the decision maker is more closely linked to the person (his or her futur...

Effect of Poverty on Intertemporal Choice and Psychological Explanations

In recent years, with global sustainable economic development, poverty is still one of the most pressing issues facing in the world. Many poor families have to face in their daily lives the complex and difficult economic decisions, and often the poor and the rich in these intertemporal preferences are different. Studies show that poverty will impact intertemporal choice through two intermediary...

Intertemporal Choice: Neuronal and Psychological Determinants of Economic Decisions

This introductory article provides a short overview of empirical and theoretical articles presented in the special issue on psychological and neural models of intertemporal decision making, which is divided into 2 parts. The first part consists of contributions presenting different models of intertemporal choice. These contributions provide an overview of current conceptualizations; that is, pr...

Intertemporal Choice

Intertemporal Choice and Inequality

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