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Is the evidence for hyperbolic discounting in humans just an experimental artifact ?

Harrison, G.W. and Lau, M.I. (2005) 'Is the evidence for hyperbolic discounting in humans just an experimental artifact ?', Behavioral and brain sciences., 28 (5). p. 657.

Abstract

We question the behavioral premise underlying Ainslie's claims about hyperbolic discounting theory. The alleged evidence for humans can be easily explained as an artefact of experimental procedures that do not control for the credibility of payment over different time horizons. In appropriately controlled and financially motivated settings, human behavior is consistent with conventional exponential preferences.

Item Type:Article
Full text:PDF - Published Version (47Kb)
Status:Peer-reviewed
Publisher Web site:http://dx.doi.org/10.1017/S0140525X05290118
Publisher statement:© Copyright Cambridge University Press. This paper has been published by Cambridge University Press in "Behavioral and brain sciences" (28: 5 (2005) 657) http://journals.cambridge.org/action/displayJournal?jid=BBS.
Record Created:01 Nov 2010 10:50
Last Modified:22 Nov 2010 13:13

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