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The effect of pseudo-immediacy on intertemporal choices
Li, Shu; Su, Yin2; Sun, Yan1
2010
Source PublicationJOURNAL OF RISK RESEARCH
ISSN1366-9877
SubtypeArticle
Volume13Issue:6Pages:781-787
AbstractAn interesting phenomenon, which we dub the 'pseudo-immediacy effect', was detected in intertemporal choices. The majority of our participants preferred the smaller but sooner (SS) outcome to the larger but later (LL) outcome when a pseudo-immediacy reward was framed, but a higher proportion of participants preferred the LL outcome to the SS outcome when the pseudo-immediate format was removed. Such a shift violated the invariance principle which requires that the preference order between options does not depend on the manner in which they are described. With reference to the pseudo-certainty effect reported by Kahneman and Tversky in 1984, our findings typically support the notion that risk and delay are psychologically equivalent and that the same psychological process underlies risk and intertemporal choice.
Keywordpseudo-certainty effect pseudo-immediacy effect intertemporal choices invariance principle
Indexed BySSCI
Language英语
WOS IDWOS:000281592400005
Citation statistics
Cited Times:9[WOS]   [WOS Record]     [Related Records in WOS]
Document Type期刊论文
Identifierhttp://ir.psych.ac.cn/handle/311026/13708
Collection中国科学院心理研究所回溯数据库(1956-2010)
Affiliation1.Chinese Acad Sci, Inst Psychol, Ctr Social & Econ Behav, Beijing 100101, Peoples R China
2.Chinese Acad Sci, Grad Sch, Beijing 100101, Peoples R China
Recommended Citation
GB/T 7714
Li, Shu,Su, Yin,Sun, Yan. The effect of pseudo-immediacy on intertemporal choices[J]. JOURNAL OF RISK RESEARCH,2010,13(6):781-787.
APA Li, Shu,Su, Yin,&Sun, Yan.(2010).The effect of pseudo-immediacy on intertemporal choices.JOURNAL OF RISK RESEARCH,13(6),781-787.
MLA Li, Shu,et al."The effect of pseudo-immediacy on intertemporal choices".JOURNAL OF RISK RESEARCH 13.6(2010):781-787.
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