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New paradoxes in intertemporal choice
Rao, Li-Lin2; Li, Shu1; Li, S (reprint author), Chinese Acad Sci, Inst Psychol, Key Lab Behav Sci, 4A Datun Rd, Beijing 100101, Peoples R China.
2011-02-01
Source PublicationJUDGMENT AND DECISION MAKING
ISSN1930-2975
SubtypeArticle
Volume6Issue:2Pages:122-129
Contribution Rank1
AbstractSimilar to research on risky choice, the traditional analysis of intertemporal choice takes the view that an individual behaves so as to maximize the discounted sum of all future utilities. The well-known Allais paradox contradicts the fundamental postulates of maximizing the expected value or utility of a risky option. We describe a violation of the law of diminishing marginal utility as well as an intertemporal version of the Allais paradox.
Keywordintertemporal choice risky choice cancellation
Subject AreaPersonality Psychology
Indexed BySSCI
Language英语
WOS IDWOS:000287801900001
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Cited Times:10[WOS]   [WOS Record]     [Related Records in WOS]
Document Type期刊论文
Identifierhttp://ir.psych.ac.cn/handle/311026/12878
Collection中国科学院行为科学重点实验室
Corresponding AuthorLi, S (reprint author), Chinese Acad Sci, Inst Psychol, Key Lab Behav Sci, 4A Datun Rd, Beijing 100101, Peoples R China.
Affiliation1.Chinese Acad Sci, Inst Psychol, Key Lab Behav Sci, Beijing 100101, Peoples R China
2.Chinese Acad Sci, Grad Univ, Beijing 100101, Peoples R China
Recommended Citation
GB/T 7714
Rao, Li-Lin,Li, Shu,Li, S . New paradoxes in intertemporal choice[J]. JUDGMENT AND DECISION MAKING,2011,6(2):122-129.
APA Rao, Li-Lin,Li, Shu,&Li, S .(2011).New paradoxes in intertemporal choice.JUDGMENT AND DECISION MAKING,6(2),122-129.
MLA Rao, Li-Lin,et al."New paradoxes in intertemporal choice".JUDGMENT AND DECISION MAKING 6.2(2011):122-129.
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