메뉴 건너뛰기




Volumn 391, Issue 24, 2012, Pages 6568-6576

Psychophysics of time perception and valuation in temporal discounting of gain and loss

Author keywords

Behavioral economics; Psychological time; Psychophysics; Sign effect; Time discounting

Indexed keywords

ECONOMICS; PSYCHOPHYSIOLOGY;

EID: 84865864138     PISSN: 03784371     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.physa.2012.07.012     Document Type: Article
Times cited : (57)

References (57)
  • 2
    • 0000028492 scopus 로고
    • Folk theorem for repeated games with discounting or with incomplete information
    • D. Fudenberg, and E. Maskin Folk theorem for repeated games with discounting or with incomplete information Econometrica 54 1986 533 554
    • (1986) Econometrica , vol.54 , pp. 533-554
    • Fudenberg, D.1    Maskin, E.2
  • 3
    • 33645134901 scopus 로고    scopus 로고
    • A note on the relevance of the q-exponential function in the context of intertemporal choices
    • Cajueiro
    • Cajueiro A note on the relevance of the q-exponential function in the context of intertemporal choices Physica A 364 2006 385 388
    • (2006) Physica A , vol.364 , pp. 385-388
  • 4
    • 34249684342 scopus 로고    scopus 로고
    • Empirical estimation of consistency parameter in intertemporal choice based on Tsallis' statistics
    • T. Takahashi, H. Oono, and M.H.B. Radford Empirical estimation of consistency parameter in intertemporal choice based on Tsallis' statistics Physica A 381 2007 338 342
    • (2007) Physica A , vol.381 , pp. 338-342
    • Takahashi, T.1    Oono, H.2    Radford, M.H.B.3
  • 5
    • 38349075828 scopus 로고    scopus 로고
    • Psychophysics of tstime-perception and intertemporal choice models
    • T. Takahashi, H. Oono, and M.H.B. Radford Psychophysics of tstime-perception and intertemporal choice models Physica A 387 2008 2066 2074
    • (2008) Physica A , vol.387 , pp. 2066-2074
    • Takahashi, T.1    Oono, H.2    Radford, M.H.B.3
  • 6
    • 65549130467 scopus 로고    scopus 로고
    • Simultaneous measurement of time and risk preferences: Stated preference discrete choice modeling analysis depending on smoking behavior
    • T. Ida, and R. Goto Simultaneous measurement of time and risk preferences: stated preference discrete choice modeling analysis depending on smoking behavior International Economic Review 50 4 2009 1169 1182
    • (2009) International Economic Review , vol.50 , Issue.4 , pp. 1169-1182
    • Ida, T.1    Goto, R.2
  • 7
    • 71449114706 scopus 로고    scopus 로고
    • Time discounting: Declining impatience and interval effect
    • Y. Kinari, F. Ohtake, and Y. Tsutsui Time discounting: declining impatience and interval effect Journal of Risk and Uncertainty 39 1 2009 87 112
    • (2009) Journal of Risk and Uncertainty , vol.39 , Issue.1 , pp. 87-112
    • Kinari, Y.1    Ohtake, F.2    Tsutsui, Y.3
  • 8
    • 0038969032 scopus 로고    scopus 로고
    • Golden eggs and hyperbolic discounting
    • D. Laibson Golden eggs and hyperbolic discounting Quarterly Journal of Economics 112 2 1997 443 477
    • (1997) Quarterly Journal of Economics , vol.112 , Issue.2 , pp. 443-477
    • Laibson, D.1
  • 9
    • 84960566726 scopus 로고
    • Anomalies in intertemporal Choice - Evidence and an interpretation
    • G. Loewenstein, and D. Prelec Anomalies in intertemporal Choice - Evidence and an interpretation Quarterly Journal of Economics 107 2 1992 573 597
    • (1992) Quarterly Journal of Economics , vol.107 , Issue.2 , pp. 573-597
    • Loewenstein, G.1    Prelec, D.2
  • 10
    • 77955319225 scopus 로고    scopus 로고
    • The psychology of intertemporal tradeoffs
    • M. Scholten, and D. Read The psychology of intertemporal tradeoffs Psychological Review 117 2010 925 944
    • (2010) Psychological Review , vol.117 , pp. 925-944
    • Scholten, M.1    Read, D.2
  • 11
    • 79952006860 scopus 로고    scopus 로고
    • Non-parametric test of time consistency: Present bias and future bias
    • K. Takeuchi Non-parametric test of time consistency: present bias and future bias Games and Economic Behavior 71 2 2010 456 478
    • (2010) Games and Economic Behavior , vol.71 , Issue.2 , pp. 456-478
    • Takeuchi, K.1
  • 12
    • 77952335471 scopus 로고    scopus 로고
    • Risk and time preferences: Linking experimental and household survey data from vietnam
    • T. Tanaka, C.F. Camerer, and Q. Nguyen Risk and time preferences: linking experimental and household survey data from vietnam American Economic Review 100 1 2010 557 571
    • (2010) American Economic Review , vol.100 , Issue.1 , pp. 557-571
    • Tanaka, T.1    Camerer, C.F.2    Nguyen, Q.3
  • 13
    • 0000673030 scopus 로고
    • Some empirical evidence on dynamic inconsistency
    • R.H. Thaler Some empirical evidence on dynamic inconsistency Economics Letters 8 1981 201 207
    • (1981) Economics Letters , vol.8 , pp. 201-207
    • Thaler, R.H.1
  • 14
    • 67651044752 scopus 로고    scopus 로고
    • Discounting time and. time discounting: Subjective time perception and intertemporal preferences
    • Gal Zauberman, B. Kyu Kim, Selin Malkoc, and James Bettman Discounting time and. time discounting: subjective time perception and intertemporal preferences Journal of Marketing Research 46 2009 543 556
    • (2009) Journal of Marketing Research , vol.46 , pp. 543-556
    • Zauberman, G.1    Kyu Kim, B.2    Malkoc, S.3    Bettman, J.4
  • 15
    • 78650958482 scopus 로고    scopus 로고
    • Heterogeneous coding of temporally discounted values in the dorsal and ventral striatum during intertemporal choice
    • 2011 January 13
    • X. Cai, S. Kim, and D. Lee Heterogeneous coding of temporally discounted values in the dorsal and ventral striatum during intertemporal choice Neuron 69 1 2011 170 182 2011 January 13
    • (2011) Neuron , vol.69 , Issue.1 , pp. 170-182
    • Cai, X.1    Kim, S.2    Lee, D.3
  • 16
    • 79955479795 scopus 로고    scopus 로고
    • The neural mechanisms of inter-temporal decision-making: Understanding variability
    • J. Peters, and C. Büchel The neural mechanisms of inter-temporal decision-making: understanding variability Trends in Cognitive Sciences 15 5 2011 227 239
    • (2011) Trends in Cognitive Sciences , vol.15 , Issue.5 , pp. 227-239
    • Peters, J.1    Büchel, C.2
  • 17
    • 36448986837 scopus 로고    scopus 로고
    • The neural correlates of subjective value during intertemporal choice
    • J.W. Kable, and P.W. Glimcher The neural correlates of subjective value during intertemporal choice Nature Neuroscience 10 12 2007 1625 1633
    • (2007) Nature Neuroscience , vol.10 , Issue.12 , pp. 1625-1633
    • Kable, J.W.1    Glimcher, P.W.2
  • 18
    • 5144224271 scopus 로고    scopus 로고
    • Separate neural systems value immediate and delayed monetary rewards
    • S.M. McClure, D.I. Laibson, G. Loewenstein, and J.D. Cohen Separate neural systems value immediate and delayed monetary rewards Science 306 5695 2004 503 507
    • (2004) Science , vol.306 , Issue.5695 , pp. 503-507
    • McClure, S.M.1    Laibson, D.I.2    Loewenstein, G.3    Cohen, J.D.4
  • 19
    • 22544476831 scopus 로고    scopus 로고
    • Loss of self-control in intertemporal choice may be attributable to logarithmic time-perception
    • T. Takahashi Loss of self-control in intertemporal choice may be attributable to logarithmic time-perception Medical Hypotheses 65 2005 691 693
    • (2005) Medical Hypotheses , vol.65 , pp. 691-693
    • Takahashi, T.1
  • 20
    • 33748985791 scopus 로고    scopus 로고
    • Time-estimation error following Weber-Fechner law may explain subadditive time-discounting
    • T. Takahashi Time-estimation error following Weber-Fechner law may explain subadditive time-discounting Medical Hypotheses 67 2006 1372 1374
    • (2006) Medical Hypotheses , vol.67 , pp. 1372-1374
    • Takahashi, T.1
  • 22
    • 80051958776 scopus 로고    scopus 로고
    • A neuroeconomic theory of rational addiction and nonlinear time-perception
    • T. Takahashi A neuroeconomic theory of rational addiction and nonlinear time-perception Neuro Endocrinology Letters 32 3 2011 221 225
    • (2011) Neuro Endocrinology Letters , vol.32 , Issue.3 , pp. 221-225
    • Takahashi, T.1
  • 23
    • 82255166290 scopus 로고    scopus 로고
    • Hyperbolic discounting emerges from the scalar property of interval timing
    • X. Cui Hyperbolic discounting emerges from the scalar property of interval timing Frontiers in Integrative Neuroscience 5 2011 24
    • (2011) Frontiers in Integrative Neuroscience , vol.5 , pp. 24
    • Cui, X.1
  • 24
    • 78649667137 scopus 로고    scopus 로고
    • Internal-time temporal difference model for neural value-based decision making
    • H. Nakahara, and S. Kaveri Internal-time temporal difference model for neural value-based decision making Neural Computation 22 12 2010 3062 3106
    • (2010) Neural Computation , vol.22 , Issue.12 , pp. 3062-3106
    • Nakahara, H.1    Kaveri, S.2
  • 25
    • 82255187570 scopus 로고    scopus 로고
    • Positive temporal dependence of the biological clock implies hyperbolic discounting
    • D. Ray, and P. Bossaerts Positive temporal dependence of the biological clock implies hyperbolic discounting Frontiers in Neuroscience 5 2011
    • (2011) Frontiers in Neuroscience , vol.5
    • Ray, D.1    Bossaerts, P.2
  • 26
    • 15444376389 scopus 로고    scopus 로고
    • Interactions between serotonin and dopamine in the control of impulsive choice in rats: Therapeutic implications for impulse control disorders
    • C.A. Winstanley, D.E. Theobald, J.W. Dalley, and T.W. Robbins Interactions between serotonin and dopamine in the control of impulsive choice in rats: therapeutic implications for impulse control disorders Neuropsychopharmacology 30 2005 669 682
    • (2005) Neuropsychopharmacology , vol.30 , pp. 669-682
    • Winstanley, C.A.1    Theobald, D.E.2    Dalley, J.W.3    Robbins, T.W.4
  • 27
    • 4544335609 scopus 로고    scopus 로고
    • A discounting framework for choice with delayed and probabilistic rewards
    • L. Green, and J. Myerson A discounting framework for choice with delayed and probabilistic rewards Psychological Bulletin 130 2004 769 792
    • (2004) Psychological Bulletin , vol.130 , pp. 769-792
    • Green, L.1    Myerson, J.2
  • 30
    • 84963071606 scopus 로고
    • Myopia and inconsistency in dynamic utility maximization
    • Robert.H. Strotz Myopia and Inconsistency in Dynamic Utility Maximization Review of Economic Studies 23 3 1955 165 180
    • (1955) Review of Economic Studies , vol.23 , Issue.3 , pp. 165-180
    • Strotz, Robert.H.1
  • 33
    • 0037900861 scopus 로고    scopus 로고
    • Nonextensive statistical mechanics and economics
    • C. Tsallis, C. Anteneodo, L. Borland, and R. Osorio Nonextensive statistical mechanics and economics Physica A 324 2003 89 100
    • (2003) Physica A , vol.324 , pp. 89-100
    • Tsallis, C.1    Anteneodo, C.2    Borland, L.3    Osorio, R.4
  • 35
    • 33749622777 scopus 로고    scopus 로고
    • Differential effects of amount on temporal and probability discounting of gains and losses
    • S.J. Estle, L. Green, J. Myerson, and D.D. Holt Differential effects of amount on temporal and probability discounting of gains and losses Memory and Cognition 34 4 2006 914 928
    • (2006) Memory and Cognition , vol.34 , Issue.4 , pp. 914-928
    • Estle, S.J.1    Green, L.2    Myerson, J.3    Holt, D.D.4
  • 36
    • 77950627827 scopus 로고    scopus 로고
    • Hyperbolic discounting, the sign effect, and the body mass index
    • S. Ikeda, M.I. Kang, and F. Ohtake Hyperbolic discounting, the sign effect, and the body mass index Journal of Health Economics 29 2 2009 268 284
    • (2009) Journal of Health Economics , vol.29 , Issue.2 , pp. 268-284
    • Ikeda, S.1    Kang, M.I.2    Ohtake, F.3
  • 37
    • 61549117181 scopus 로고    scopus 로고
    • Neural mechanism of intertemporal choice: From discounting future gains to future losses
    • L. Xu, Z.Y. Liang, K. Wang, S. Li, and T. Jiang Neural mechanism of intertemporal choice: from discounting future gains to future losses Brain Research 1261 2009 65 74
    • (2009) Brain Research , vol.1261 , pp. 65-74
    • Xu, L.1    Liang, Z.Y.2    Wang, K.3    Li, S.4    Jiang, T.5
  • 38
    • 0000125532 scopus 로고
    • Prospect theory-analysis of decision under risk
    • D. Kahneman, and A. Tversky Prospect theory-analysis of decision under risk Econometrica 47 1979 263 291
    • (1979) Econometrica , vol.47 , pp. 263-291
    • Kahneman, D.1    Tversky, A.2
  • 39
    • 31744450082 scopus 로고
    • Advances in prospect theory: Cumulative representation of uncertainty
    • A. Tversky, and D. Kahneman Advances in prospect theory: cumulative representation of uncertainty Journal of Risk and Uncertainty 5 4 1992 297 323
    • (1992) Journal of Risk and Uncertainty , vol.5 , Issue.4 , pp. 297-323
    • Tversky, A.1    Kahneman, D.2
  • 40
    • 79952619386 scopus 로고    scopus 로고
    • The additive property of the inconsistency degree in intertemporal decision making through the generalization of psychophysical laws
    • N. Destefano, and A.S. Martinez The additive property of the inconsistency degree in intertemporal decision making through the generalization of psychophysical laws Physica A 2011 1763 1772
    • (2011) Physica A , pp. 1763-1772
    • Destefano, N.1    Martinez, A.S.2
  • 41
    • 78650960265 scopus 로고    scopus 로고
    • Psychophysics of the probability weighting function
    • T. Takahashi Psychophysics of the probability weighting function Physica A 390 5 2011 902 905
    • (2011) Physica A , vol.390 , Issue.5 , pp. 902-905
    • Takahashi, T.1
  • 43
    • 0037384717 scopus 로고    scopus 로고
    • The neural basis of the Weber-Fechner law: A logarithmic mental number line
    • S. Dehaene The neural basis of the Weber-Fechner law: a logarithmic mental number line Trends in Cognitive Sciences 7 2003 145 157
    • (2003) Trends in Cognitive Sciences , vol.7 , pp. 145-157
    • Dehaene, S.1
  • 44
    • 0031205190 scopus 로고    scopus 로고
    • Unification of psychophysical phenomena: The complete form of Fechner's law
    • K. Norwich, and W. Wong Unification of psychophysical phenomena: the complete form of Fechner's law Perception & Psychophysics 59 6 1997 929 940
    • (1997) Perception & Psychophysics , vol.59 , Issue.6 , pp. 929-940
    • Norwich, K.1    Wong, W.2
  • 45
    • 34447546202 scopus 로고
    • On the psychophysical law
    • S.S. Stevens On the psychophysical law Psychological Review 64 3 1957 153 181
    • (1957) Psychological Review , vol.64 , Issue.3 , pp. 153-181
    • Stevens, S.S.1
  • 46
    • 36048978240 scopus 로고    scopus 로고
    • A hyperbolic decay of subjective probability of obtaining delayed rewards
    • T. Takahashi, K. Ikeda, and T. Hasegawa A hyperbolic decay of subjective probability of obtaining delayed rewards Behavior and Brain Functions 3 2007 52
    • (2007) Behavior and Brain Functions , vol.3 , pp. 52
    • Takahashi, T.1    Ikeda, K.2    Hasegawa, T.3
  • 47
    • 34548754465 scopus 로고    scopus 로고
    • A comparison of intertemporal choices for oneself versus someone else based on Tsallis' statistics
    • T. Takahashi A comparison of intertemporal choices for oneself versus someone else based on Tsallis' statistics Physica A 385 2007 637 644
    • (2007) Physica A , vol.385 , pp. 637-644
    • Takahashi, T.1
  • 49
    • 26844558214 scopus 로고    scopus 로고
    • Discounting delayed and probabilistic monetary gains and losses by smokers of cigarettes
    • Y. Ohmura, T. Takahashi, and N. Kitamura Discounting delayed and probabilistic monetary gains and losses by smokers of cigarettes Psychopharmacology 182 4 2005 508 515
    • (2005) Psychopharmacology , vol.182 , Issue.4 , pp. 508-515
    • Ohmura, Y.1    Takahashi, T.2    Kitamura, N.3
  • 51
    • 10444228082 scopus 로고    scopus 로고
    • Decreasing impatience: A criterion for non-stationary time preference and hyperbolic discounting
    • D. Prelec Decreasing impatience: a criterion for non-stationary time preference and hyperbolic discounting The Scandinavian Journal of Economics 106 3 2004 511 532
    • (2004) The Scandinavian Journal of Economics , vol.106 , Issue.3 , pp. 511-532
    • Prelec, D.1
  • 53
    • 0041512989 scopus 로고
    • A perspective for viewing the history of psychophysics
    • D.J. Murray A perspective for viewing the history of psychophysics Behavioral and Brain Sciences 16 1993 115 186
    • (1993) Behavioral and Brain Sciences , vol.16 , pp. 115-186
    • Murray, D.J.1
  • 57
    • 85008813597 scopus 로고    scopus 로고
    • The perception of time, risk and return during periods of speculation
    • E. Derman The perception of time, risk and return during periods of speculation Quantitative Finance 2 2002 282 296
    • (2002) Quantitative Finance , vol.2 , pp. 282-296
    • Derman, E.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.