Cross-period impatience: Subjective financial periods explain time-inconsistent choices

Cross-period impatience: Subjective financial periods explain time-inconsistent choices

Inconsistency in consumer time preferences has been well established and used to explain seemingly short-sighted behaviors (e.g., failures of self-control). However, prior research has conflated time-inconsistent preferences (discount rates that vary over time) with present bias (greater discounting...

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Bibliographic Details
Main Authors: JANG, Minkwang, URMINSKY, Oleg
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2023
Subjects:
intertemporal choice
time discounting
categorization
mental accounting
budgeting
impulsivity
present bias
Marketing
Sales and Merchandising
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/7608
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8607/viewcontent/CrossPeriodImpatience_av.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/7608
https://ink.library.smu.edu.sg/context/lkcsb_research/article/8607/viewcontent/CrossPeriodImpatience_av.pdf

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