Compared to dematerialized money, cash increases impatience in intertemporal choice

• Main Authors: Duclos, Rod, Khamitov, Mansur
• 其他作者: Nanyang Business School
• 格式: Article
• 語言: English
• 出版: 2019
• 主題: Intertemporal Choice; Discounting; DRNTU::Business::Marketing::Consumer behavior
• 在線閱讀: https://hdl.handle.net/10356/89593; http://hdl.handle.net/10220/49119

When it comes to trading time for money (or vice versa), people tend to be impatient and myopic. Often dramatically so. For illustration, half of people would rather collect $15 now than $30 in three months. This willingness to forego 50% of the reward to skip a 3‐month wait corresponds to an annual...