Time discounting and time preference

Frederick, S., Loewenstein, & O'Donoghue, T. (2002). Time discounting and time preference: A critical review. Journal of Economic Literature, 40(2), 351-401.

Type

Journal article

Intellectual base

Primary research

Year

2002

Link

no authoritative link yet

Cited from

behavioral_economics, economics_finance

Cited by

4 citations across 4 artifacts.

Primes

• Preference
  • Each presupposes the bare preference relation and adds structured deviations from the linear-in-magnitudes baseline.
• Temporal Inconsistency and Preference Reversals
  • The signature is robust across domains: a saver who commits to saving when payday is distant but spends impulsively when payday arrives; an organization that prioritizes long-term strategy at the annual planning meeting but abandons it under quarterly earnings pressure; a dieter who resolves to lose weight in January but breaks the resolution in February when the effort becomes concrete and immediate, a cross-domain pattern surveyed by Frederick, Loewenstein, and O'Donoghue (2002).
• Time Preference (Discounting Future)
  • Frederick-Loewenstein-O'Donoghue (2002) provide a comprehensive critical review of time-discounting research and time-preference estimation methodologies
• Time Value of Money
  • The behavioral literature shows that the appropriate rate varies across individuals and contexts: Frederick, Loewenstein, and O'Donoghue (2002)

Verification

This reference passed the adversarial substantiation pipeline: it was checked to exist and to support the claim it is attached to. See how references were verified.

Registry ID ref:459fd9a70fb4 · see in the full table