Time Discounting: Psychophysics of Intertemporal and Probabilistic Choices

Takahashi, Taiki; Han, Ruokang; Nakamura, Fumihiko

Journal of Behavioral Economics and Finance, 2012, 5, 10-14

Permalink : https://hdl.handle.net/2115/52616

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アクセス権	open access
URI	https://hdl.handle.net/2115/52616
タイトル	Time Discounting: Psychophysics of Intertemporal and Probabilistic Choices
著者	Takahashi, Taiki ; Han, Ruokang ; Nakamura, Fumihiko
e-Rad_Researcher 60374170 著者名 Takahashi, Taiki
著者名 Han, Ruokang
著者名 Nakamura, Fumihiko
言語	英語
キーワード	Intertemporal choice
	risk
	discounting
	psychophysics
	neuroeconomics
発行日	2012-06
出版者	行動経済学会
収録物名	Journal of Behavioral Economics and Finance
巻(号)	5
ページ	10-14
抄録	Intertemporal and probabilistic choices have been attracting attention in behavioral neuroeconomics. Although recent advances in neuroeconomics demonstrated neural processes underlying intertemporal and probabilistic choices, the roles of psychophysical effects on the choices have largely been understudied. In this paper,we review the roles of psychophysical effects in time and risk attitudes. It is shown that Loewenstein-Prelec's generalized hyperbolic temporal discount function (Loewenstein and Prelec(1992)) and Prelec's probability weighting function (Prelec (1998)) are naturally derived from psychophysical laws of time-perception.
資源タイプ	学術雑誌論文
出版タイプ	Version of Record
PISSN	2185-3568