Possession and discounting behavior

Subjects chose when they could first use financial rewards between choices 2 months apart. We manipulated the early reward date and whether participants took immediate possession. Quasi-hyperbolic discounting is rejected in favor of hyperbolic discounting without but not with possession.

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Bibliographic Details
Published inEconomics letters Vol. 97; no. 3; pp. 215 - 221
Main Authors Slonim, Robert, Carlson, James, Bettinger, Eric
Format Journal Article
LanguageEnglish
Published Elsevier B.V 01.12.2007
Elsevier
SeriesEconomics Letters
Subjects
Discounting behavior
Experimental economics
Individual behaviour
Inter-temporal choice
Mathematical methods
Microeconomics
Ownership
Possession
Experimental economics
C91
D90
Discounting behavior
Possession
Inter-temporal choice
Online AccessGet full text
ISSN0165-1765
1873-7374
DOI10.1016/j.econlet.2007.03.018

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Summary:Subjects chose when they could first use financial rewards between choices 2 months apart. We manipulated the early reward date and whether participants took immediate possession. Quasi-hyperbolic discounting is rejected in favor of hyperbolic discounting without but not with possession.
Bibliography:ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2007.03.018