Year: 2013
Type: article
Abstract: In two studies, time preferences for financial gains and losses at delays of up to 50 years were elicited using three different methods: matching, fixed-sequence choice titration, and a dynamic “staircase” choice method. Matching was found to create fewer demand characteristics and to produce better fits with the hyperbolic model of discounting. The choice-based measures better predicted real-world outcomes such as smoking and payment of credit card debt. No consistent advantages were found for the dynamic staircase method over fixed-sequence titration.
Source: Judgment and Decision Making
Authors: David J. Hardisty, Katherine F. Thompson, David H. Krantz, Elke U. Weber
Institutions: Stanford University, Columbia University
Language: English
Subfield: General Decision Sciences
Field: Decision Sciences
Domain: Social Sciences
Open Access status: gold
Estimated APC paid: $3,550
Funder: National Science Foundation
OpenAlex ID: W2139359806