Decision making requires evaluating alternatives that differ on a number of attributes. During this evaluation process, selection of options depends on the duration of the options, the …
This paper introduces time-tradeoff (TTO) sequences as a general tool to analyze intertemporal choice. We give several applications. For empirical purposes, we can measure …
K Albrecht, KG Volz, M Sutter, DY von Cramon - PloS one, 2013 - journals.plos.org
A number of recent functional Magnetic Resonance Imaging (fMRI) studies on intertemporal choice behavior have demonstrated that so-called emotion-and reward-related brain areas …
T Kalenscher - Journal of Neuroscience, Psychology, and …, 2014 - psycnet.apa.org
This article provides an analysis of the demand side of health insurance from a decision- making perspective. I will address in particular why take-up of affordable health insurance …
When making decisions between different options, we often consider two basic properties of these options, how risky they are and when they will occur. For example, we may choose to …
The majority of decisions that individuals make throughout their lives directly or indirectly concern tradeoffs over time. In our childhood going to school prevents us from immediately …
In the past ten years, the world's income inequality increased to its peak. One of the determinant factors causing such disparity is the lack of access to financial resources for the …
Game theory provides a useful framework for conceptualizing social decisions in which one person's behavior affects outcomes that matter to other individuals. Game theory can also …