Monday, May 12, 2008

Delay discounting

How best to mathematically represent discount curves is an open question in the area of intertemporal choice. Two recent articles focus on (1) representing the discount rate in a more intuitive fashion , and (2) intertemporal choice behavior is better understood in terms of
temporal cognition and human temporal cognition in intertemporal choice follow the Weber–Fechner law, rather than Stevens’ power

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