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

Harrison, G.W.; Lau, M.I.

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


Authors

G.W. Harrison



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.

Citation

Harrison, G., & Lau, M. (2005). Is the evidence for hyperbolic discounting in humans just an experimental artifact?. Behavioral and Brain Sciences, 28(5), 657-657. https://doi.org/10.1017/s0140525x05290118

Journal Article Type Article
Publication Date Oct 1, 2005
Deposit Date Nov 1, 2010
Publicly Available Date Nov 22, 2010
Journal Behavioral and Brain Sciences
Print ISSN 0140-525X
Electronic ISSN 1469-1825
Publisher Cambridge University Press
Peer Reviewed Peer Reviewed
Volume 28
Issue 5
Pages 657-657
DOI https://doi.org/10.1017/s0140525x05290118
Public URL https://durham-repository.worktribe.com/output/1627637

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