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Better is worse, worse is better: Reexamination of violations of dominance in intertemporal choice
Jiang, Cheng-Ming1; Sun, Hong-Mei2; Zhu, Long-Fei1; Zhao, Lei1; Liu, Hong-Zhi3; Sun, Hong-Yue4
2017-05-01
Source PublicationJUDGMENT AND DECISION MAKING
ISSN1930-2975
SubtypeArticle
Volume12Issue:3Pages:253-259
Abstract

Recently, Scholten and Read (2014) found new violations of dominance in intertemporal choice. Although adding a small receipt before a delayed payment or adding a small delayed receipt after an immediate receipt makes the prospect objectively better, it decreases the preference for that prospect (better is worse). Conversely, although adding a small payment before a delayed receipt or adding a small delayed payment after an immediate payment makes the prospect objectively worse, it increases the preference for that prospect (worse is better). Scholten and Read explained these violations in terms of a preference for improvement. However, to produce violations such as these, we find that the temporal sequences need not be constructed as Scholten and Read suggested. In this study, adding a small receipt before a dated receipt (thus constructed as improving) or adding a receipt after a dated payment (thus constructed as improving) decreases preferences for those prospects. Conversely, adding a small payment after a dated receipt (thus constructed as deteriorating) or adding a small payment before a delayed payment (thus constructed as deteriorating) increases preferences for those prospects.

KeywordSequences Intertemporal Choice Dominance a Preference For Improvement Salience
Indexed BySSCI
Language英语
Funding OrganizationNational Natural Science Foundation of China(71571164 ; Zhejiang Provincial Natural Science Foundation of China(LY15C090005 ; Humanity and Social Science Research Youth foundation of Ministry of Education of China(14YJC190009) ; Zhejiang Province-Research Center of technology innovation and enterprise internationalization ; 71601121) ; LQ15C090002)
WOS Research AreaPsychology
WOS SubjectPsychology, Multidisciplinary
WOS IDWOS:000402423000005
WOS HeadingsSocial Sciences
WOS KeywordTRADEOFFS ; TIME ; SEQUENCES ; OUTCOMES ; REWARDS ; LOSSES ; MONEY
Citation statistics
Document Type期刊论文
Identifierhttp://ir.psych.ac.cn/handle/311026/21472
Collection中国科学院行为科学重点实验室
Affiliation1.Zhejiang Univ Technol, Coll Econ & Management, Inst Neural Management Sci, Hangzhou, Zhejiang, Peoples R China
2.Tianjin Univ Tradit Chinese Med, Coll Management, Tianjin, Peoples R China
3.Chinese Acad Sci, Inst Psychol, CAS Key Lab Behav Sci, Beijing, Peoples R China
4.Shanghai Normal Univ, Dept Psychol, Coll Educ, 100 Guilin Rd, Shanghai 200234, Peoples R China
Recommended Citation
GB/T 7714
Jiang, Cheng-Ming,Sun, Hong-Mei,Zhu, Long-Fei,et al. Better is worse, worse is better: Reexamination of violations of dominance in intertemporal choice[J]. JUDGMENT AND DECISION MAKING,2017,12(3):253-259.
APA Jiang, Cheng-Ming,Sun, Hong-Mei,Zhu, Long-Fei,Zhao, Lei,Liu, Hong-Zhi,&Sun, Hong-Yue.(2017).Better is worse, worse is better: Reexamination of violations of dominance in intertemporal choice.JUDGMENT AND DECISION MAKING,12(3),253-259.
MLA Jiang, Cheng-Ming,et al."Better is worse, worse is better: Reexamination of violations of dominance in intertemporal choice".JUDGMENT AND DECISION MAKING 12.3(2017):253-259.
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