A Criticism of Doyle’s survey of time preference: A correction regarding the CRDI and CADI families

Journal Title: Judgment and Decision Making - Year 2013, Vol 8, Issue 5

Abstract

Doyle’s (2013) theoretical survey of discount functions criticizes two parametric families abbreviated as CRDI and CADI families. We show that Doyle’s criticisms are based on a mathematical mistake and are incorrect.

Authors and Affiliations

Han Bleichrodt, Rogier J. D. Potter van Loon, Kirsten I. M. Rohde and Peter P. Wakker

Keywords

Related Articles

Decisions in moral dilemmas: The influence of subjective beliefs in outcome probabilities

Previous studies have found that the proportions of people who endorsed utilitarian decisions varied across different variants of the trolley dilemma. In this paper, we explored whether moral choices were associated with...

Evidence for the influence of the mere-exposure effect on voting in the Eurovision Song Contest

The mere exposure, or familiarity, effect is the tendency for people to feel more positive about stimuli to which they have previously been exposed. The Eurovision Song Contest is a two-stage event, in which some contest...

Overlap of accessible information undermines the anchoring effect

According to the Selective Accessibility Model of anchoring, the comparison question in the standard anchoring paradigm activates information that is congruent with an anchor. As a consequence, this information will be m...

American’s desire for less wealth inequality does not depend on how you ask them

A large body of survey research offers evidence that citizens are not always fully aware of the economic and political realities in their respective countries. Norton and Ariely (2011) extended this research to the domai...

The effect of limited availability on children’s consumption, engagement, and choice behavior

Three studies examine the effect of limited availability on the engagement, consumption, and choice behavior of four- to five-year old children. It is shown that children engage longer in an activity when the activity is...

Download PDF file
  • EP ID EP678097
  • DOI -
  • Views 142
  • Downloads 0

How To Cite

Han Bleichrodt, Rogier J. D. Potter van Loon, Kirsten I. M. Rohde and Peter P. Wakker (2013). A Criticism of Doyle’s survey of time preference: A correction regarding the CRDI and CADI families. Judgment and Decision Making, 8(5), -. https://europub.co.uk/articles/-A-678097