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- George Loewenstein
- Associate Professor, Graduate School of Business, University of Chicago, Chicago, Illinois and Visiting Scholar, Russell Sage Foundation, New York, New York.
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- Richard H Thaler
- Henrietta Johnson Louis Professor of Economics, Johnson Graduate School of Management, Cornell University, Ithaca, New York.
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説明
<jats:p> We examine a number of situations in which people do not appear to discount money flows at the market rate of interest or any other single discount rate. Discount rates observed in both laboratory and field decision-making environments are shown to depend on the magnitude and sign of what is being discounted, on the time delay, on whether the choice is cast in terms of speed-up or delay, on the way in which a choice is framed, and on whether future benefits or costs induce savoring or dread. </jats:p>
収録刊行物
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- Journal of Economic Perspectives
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Journal of Economic Perspectives 3 (4), 181-193, 1989-11-01
American Economic Association