Delayed risk in individual and social decisions
A Özgümüs, HA Rau, ST Trautmann - Journal of Economic Psychology, 2024 - Elsevier
This paper studies temporal-distance effects on individual and social risks, testing Construal
Level Theory. We elicit WTPs for risky and ambiguous lotteries and vary the timing …
Level Theory. We elicit WTPs for risky and ambiguous lotteries and vary the timing …
Cognitive mechanisms underlying subjective value of past and future events: Modeling systematic reversals of temporal value asymmetry.
People discount both future outcomes that could happen and past outcomes that could have
happened according to how far away they are in time. A common finding is that future …
happened according to how far away they are in time. A common finding is that future …
Is future bias just a manifestation of the temporal value asymmetry?
Future-bias is the preference, all else being equal, for positive states of affairs to be located
in the future not the past, and for negative states of affairs to be located in the past not the …
in the future not the past, and for negative states of affairs to be located in the past not the …