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.
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.
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|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.|
|Date accepted:||No date available|
|Date deposited:||22 November 2010|
|Date of first online publication:||October 2005|
|Date first made open access:||No date available|
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