메뉴 건너뛰기




Volumn 39, Issue 2, 2013, Pages 573-588

Drift: An analysis of outcome framing in intertemporal choice

Author keywords

Choice modelling; Delay discounting; Framing; Intertemporal choice

Indexed keywords

ADULT; ANALYSIS OF VARIANCE; ARTICLE; CONTROLLED CLINICAL TRIAL; CONTROLLED STUDY; DECISION MAKING; FEMALE; HIGH RISK BEHAVIOR; HUMAN; MALE; MIDDLE AGED; MOTIVATION; PHYSIOLOGY; PSYCHOLOGICAL MODEL; RANDOMIZED CONTROLLED TRIAL; REWARD; TIME;

EID: 84882978932     PISSN: 02787393     EISSN: None     Source Type: Journal    
DOI: 10.1037/a0029177     Document Type: Article
Times cited : (75)

References (51)
  • 1
    • 0016525445 scopus 로고
    • Specious reward: A behavioral theory of impulsiveness and impulse control
    • doi:10.1037/h0076860
    • Ainslie, G. (1975). Specious reward: A behavioral theory of impulsiveness and impulse control. Psychological Bulletin, 82, 463-496. doi:10.1037/h0076860
    • (1975) Psychological Bulletin , vol.82 , pp. 463-496
    • Ainslie, G.1
  • 2
    • 0003036378 scopus 로고
    • The motives of the will
    • E. Gottheil, K. A. Druley, T. E. Skodola, H. M. Waxman (Eds.) Springfield, IL: Thomas.
    • Ainslie, G., & Haendel, V. (1983). The motives of the will. In E. Gottheil, K. A. Druley, T. E. Skodola, & H. M. Waxman (Eds.), Etiologic aspects of alcohol and drug abuse. Springfield, IL: Thomas.
    • (1983) Etiologic aspects of alcohol and drug abuse
    • Ainslie, G.1    Haendel, V.2
  • 3
    • 85005385613 scopus 로고
    • Risk perception in psychology and economics
    • doi:10.1111/j.1465-7295.1982.tb01138.x
    • Arrow, K. J. (1982). Risk perception in psychology and economics. Economic Inquiry, 20, 1-9. doi:10.1111/j.1465-7295.1982.tb01138.x
    • (1982) Economic Inquiry , vol.20 , pp. 1-9
    • Arrow, K.J.1
  • 4
    • 0042572011 scopus 로고    scopus 로고
    • Delay discounting in current and never-before cigarette smokers: Similarities and differences across commodity, sign, and magnitude
    • doi:10.1037/0021-843X.112.3.382
    • Baker, F., Johnson, M. W., & Bickel, W. (2003). Delay discounting in current and never-before cigarette smokers: Similarities and differences across commodity, sign, and magnitude. Journal of Abnormal Psychology, 112, 382-392. doi:10.1037/0021-843X.112.3.382
    • (2003) Journal of Abnormal Psychology , vol.112 , pp. 382-392
    • Baker, F.1    Johnson, M.W.2    Bickel, W.3
  • 5
    • 13844297364 scopus 로고    scopus 로고
    • The distribution of financial wealth in the UK: Evidence from 2000 BHPS data (Institute for Fiscal Studies, WP02/21)
    • London, England: Institute for Fiscal Studies.
    • Banks, J., Smith, Z., & Wakefield, M. (2002). The distribution of financial wealth in the UK: Evidence from 2000 BHPS data (Institute for Fiscal Studies, WP02/21). London, England: Institute for Fiscal Studies.
    • (2002)
    • Banks, J.1    Smith, Z.2    Wakefield, M.3
  • 6
    • 0000827872 scopus 로고
    • Discount rates inferred from decisions: An experimental study
    • doi:10.1287/mnsc.35.3.270
    • Benzion, U., Rapoport, A., & Yagil, J. (1989). Discount rates inferred from decisions: An experimental study. Management Science, 35, 270-284. doi:10.1287/mnsc.35.3.270
    • (1989) Management Science , vol.35 , pp. 270-284
    • Benzion, U.1    Rapoport, A.2    Yagil, J.3
  • 8
    • 0040186985 scopus 로고    scopus 로고
    • Eliciting individual discount rates
    • doi:10.1007/BF01673482
    • Coller, M., & Williams, M. B. (1999). Eliciting individual discount rates. Experimental Economics, 2, 107-127. doi:10.1007/BF01673482
    • (1999) Experimental Economics , vol.2 , pp. 107-127
    • Coller, M.1    Williams, M.B.2
  • 9
    • 36049051012 scopus 로고    scopus 로고
    • Can intertemporal choice experiments elicit time preferences for consumption?
    • doi:10.1007/s10683-006-9140-2
    • Cubitt, R., & Read, D. (2007). Can intertemporal choice experiments elicit time preferences for consumption? Experimental Economics, 10, 369-389. doi:10.1007/s10683-006-9140-2
    • (2007) Experimental Economics , vol.10 , pp. 369-389
    • Cubitt, R.1    Read, D.2
  • 12
    • 33645810587 scopus 로고    scopus 로고
    • Cognitive ability and decision making
    • doi:10.1257/089533005775196732
    • Frederick, S. (2005). Cognitive ability and decision making. Journal of Economic Perspectives, 19, 25-42. doi:10.1257/089533005775196732
    • (2005) Journal of Economic Perspectives , vol.19 , pp. 25-42
    • Frederick, S.1
  • 13
    • 0041109884 scopus 로고    scopus 로고
    • Time discounting and time preference: A critical review
    • doi:10.1257/002205102320161311
    • Frederick, S., Loewenstein, G., & O'Donoghue, T. (2002). Time discounting and time preference: A critical review. Journal of Economic Literature, 40, 351-401. doi:10.1257/002205102320161311
    • (2002) Journal of Economic Literature , vol.40 , pp. 351-401
    • Frederick, S.1    Loewenstein, G.2    O'Donoghue, T.3
  • 14
    • 84883003907 scopus 로고    scopus 로고
    • Temporal references and temporal preferences: The age-delay effect in intertem-poral choice
    • Working paper
    • Frederick, S., Read, D., LeBouef, R., & Bartels, D. (2011). Temporal references and temporal preferences: The age-delay effect in intertem-poral choice. Working paper.
    • (2011)
    • Frederick, S.1    Read, D.2    LeBouef, R.3    Bartels, D.4
  • 15
    • 0344540194 scopus 로고    scopus 로고
    • Do liquidity constraints and interest rates matter for consumer behavior? Evidence from credit card data
    • doi:10.1162/003355302753399472
    • Gross, D. B., & Souleles, N. S. (2002). Do liquidity constraints and interest rates matter for consumer behavior? Evidence from credit card data. Quarterly Journal of Economics, 117, 149-185. doi:10.1162/003355302753399472
    • (2002) Quarterly Journal of Economics , vol.117 , pp. 149-185
    • Gross, D.B.1    Souleles, N.S.2
  • 16
    • 69049118056 scopus 로고    scopus 로고
    • Discounting future green: Money versus the environment
    • doi:10.1037/a0016433
    • Hardisty, D. J., & Weber, E. U. (2009). Discounting future green: Money versus the environment. Journal of Experimental Psychology: General, 138, 329-340. doi:10.1037/a0016433
    • (2009) Journal of Experimental Psychology: General , vol.138 , pp. 329-340
    • Hardisty, D.J.1    Weber, E.U.2
  • 17
    • 0000635251 scopus 로고
    • On the theory of optimal investment decision
    • doi:10.1086/258057
    • Hirshleifer, J. (1958). On the theory of optimal investment decision. Journal of Political Economy, 66, 329-352. doi:10.1086/258057
    • (1958) Journal of Political Economy , vol.66 , pp. 329-352
    • Hirshleifer, J.1
  • 19
    • 0000050520 scopus 로고
    • Norm theory: Comparing reality to its alternatives
    • doi:10.1037/0033-295X.93.2.136
    • Kahneman, D., & Miller, D. (1986). Norm theory: Comparing reality to its alternatives. Psychological Review, 93, 136-153. doi:10.1037/0033-295X.93.2.136
    • (1986) Psychological Review , vol.93 , pp. 136-153
    • Kahneman, D.1    Miller, D.2
  • 20
    • 0041906967 scopus 로고
    • Choices, values, and frames
    • doi:10.1037/0003-066X.39.4.341
    • Kahneman, D., & Tversky, A. (1984). Choices, values, and frames. American Psychologist, 39, 341-350. doi:10.1037/0003-066X.39.4.341
    • (1984) American Psychologist , vol.39 , pp. 341-350
    • Kahneman, D.1    Tversky, A.2
  • 22
    • 67651055354 scopus 로고    scopus 로고
    • An additive-utility model of delay discounting
    • doi:10.1037/a0016414
    • Killeen, P. R. (2009). An additive-utility model of delay discounting. Psychological Review, 116, 602-619. doi:10.1037/a0016414
    • (2009) Psychological Review , vol.116 , pp. 602-619
    • Killeen, P.R.1
  • 23
    • 0031510222 scopus 로고    scopus 로고
    • Bidding on the future: Evidence against normative discounting of delayed rewards
    • doi:10.1037/0096-3445.126.1.54
    • Kirby, K. N. (1997). Bidding on the future: Evidence against normative discounting of delayed rewards. Journal of Experimental Psychology: General, 126, 54-70. doi:10.1037/0096-3445.126.1.54
    • (1997) Journal of Experimental Psychology: General , vol.126 , pp. 54-70
    • Kirby, K.N.1
  • 24
    • 84994998500 scopus 로고
    • Preference reversals due to myopic discounting of delayed reward
    • doi:10.1111/j.1467-9280.1995.tb00311.x
    • Kirby, K. N., & Herrnstein, R. J. (1995). Preference reversals due to myopic discounting of delayed reward. Psychological Science, 6, 83-89. doi:10.1111/j.1467-9280.1995.tb00311.x
    • (1995) Psychological Science , vol.6 , pp. 83-89
    • Kirby, K.N.1    Herrnstein, R.J.2
  • 25
    • 0033091170 scopus 로고    scopus 로고
    • Heroin addicts have higher discount rates for delayed rewards than non-drug-using controls
    • doi: 10.1037/0096-3445.128.1.78
    • Kirby, K. N., Petry, N. M., & Bickel, W. K. (1999). Heroin addicts have higher discount rates for delayed rewards than non-drug-using controls. Journal of Experimental Psychology: General, 128, 78-87. doi: 10.1037/0096-3445.128.1.78
    • (1999) Journal of Experimental Psychology: General , vol.128 , pp. 78-87
    • Kirby, K.N.1    Petry, N.M.2    Bickel, W.K.3
  • 26
    • 0000036333 scopus 로고
    • The framing of decisions: A new look at old problems
    • doi:10.1006/obhd.1995.1046
    • Kühberger, A. (1995). The framing of decisions: A new look at old problems. Organizational Behavior and Human Decision Processes, 62, 230-240. doi:10.1006/obhd.1995.1046
    • (1995) Organizational Behavior and Human Decision Processes , vol.62 , pp. 230-240
    • Kühberger, A.1
  • 27
    • 0036793651 scopus 로고    scopus 로고
    • Similarity judgments and anomalies in intertemporal choice
    • doi:10.1093/ei/40.4.574
    • Leland, J. W. (2002). Similarity judgments and anomalies in intertemporal choice. Economic Inquiry, 40, 574-581. doi:10.1093/ei/40.4.574
    • (2002) Economic Inquiry , vol.40 , pp. 574-581
    • Leland, J.W.1
  • 28
    • 38949165955 scopus 로고    scopus 로고
    • The effects of appetitive stimuli on out-of-domain consumption impatience
    • doi: 10.1086/521900
    • Li, X. (2008). The effects of appetitive stimuli on out-of-domain consumption impatience. Journal of Consumer Research, 34, 649-656. doi: 10.1086/521900
    • (2008) Journal of Consumer Research , vol.34 , pp. 649-656
    • Li, X.1
  • 29
    • 84960566726 scopus 로고
    • Anomalies in intertemporal choice: Evidence and an interpretation
    • doi:10.2307/2118482
    • Loewenstein, G., & Prelec, D. (1992). Anomalies in intertemporal choice: Evidence and an interpretation. Quarterly Journal of Economics, 107, 573-597. doi:10.2307/2118482
    • (1992) Quarterly Journal of Economics , vol.107 , pp. 573-597
    • Loewenstein, G.1    Prelec, D.2
  • 30
    • 47649095721 scopus 로고    scopus 로고
    • The hidden zero effect: Representing a single choice as an extended sequence reduces impulsive choice
    • doi:10.1111/j.1467-9280.2008.02137.x
    • Magen, E., Dweck, C. S., & Gross, J. J. (2008). The hidden zero effect: Representing a single choice as an extended sequence reduces impulsive choice. Psychological Science, 19, 648-649. doi:10.1111/j.1467-9280.2008.02137.x
    • (2008) Psychological Science , vol.19 , pp. 648-649
    • Magen, E.1    Dweck, C.S.2    Gross, J.J.3
  • 31
    • 0003114728 scopus 로고
    • An adjusting procedure for studying delayed reinforcement
    • M. L. Commons, J. E. Mazur, J. A Nevin, & H. Rachlin (Eds.), Hillsdale, NJ: Erlbaum.
    • Mazur, J. E. (1987). An adjusting procedure for studying delayed reinforcement. In M. L. Commons, J. E. Mazur, J. A Nevin, & H. Rachlin (Eds.), Quantitative analyses of behavior: Vol. 5. Effect of delay and intervening events on value (pp. 55-73). Hillsdale, NJ: Erlbaum.
    • (1987) Quantitative analyses of behavior: Effect of delay and intervening events on value , vol.5 , pp. 55-73
    • Mazur, J.E.1
  • 33
    • 0035638928 scopus 로고    scopus 로고
    • Is time-discounting hyperbolic or subadditive
    • Read, D. (2001). Is time-discounting hyperbolic or subadditive? Journal of Risk and Uncertainty, 23, 5-32.
    • (2001) Journal of Risk and Uncertainty , vol.23 , pp. 5-32
    • Read, D.1
  • 34
    • 84861378262 scopus 로고    scopus 로고
    • Four days later in Cincinnati: Longitudinal tests of hyperbolic discounting
    • Read, D., Frederick, S., & Airoldi, M. (2012). Four days later in Cincinnati: Longitudinal tests of hyperbolic discounting. Acta Psychologica, 140, 177-185.
    • (2012) Acta Psychologica , vol.140 , pp. 177-185
    • Read, D.1    Frederick, S.2    Airoldi, M.3
  • 35
    • 25844449803 scopus 로고    scopus 로고
    • Four score and seven years from now: The date/delay effect in temporal discounting
    • doi:10.1287/mnsc.1050.0412
    • Read, D., Frederick, S., Orsel, B., & Rahman, J. (2005). Four score and seven years from now: The date/delay effect in temporal discounting. Management Science, 51, 1326-1335. doi:10.1287/mnsc.1050.0412
    • (2005) Management Science , vol.51 , pp. 1326-1335
    • Read, D.1    Frederick, S.2    Orsel, B.3    Rahman, J.4
  • 36
    • 0036448921 scopus 로고    scopus 로고
    • Reasons for sequence preferences
    • doi:10.1002/bdm.429
    • Read, D., & Powell, M. (2002). Reasons for sequence preferences. Journal of Behavioral Decision Making, 15, 433-460. doi:10.1002/bdm.429
    • (2002) Journal of Behavioral Decision Making , vol.15 , pp. 433-460
    • Read, D.1    Powell, M.2
  • 37
    • 84980148368 scopus 로고
    • Fuzzy-trace theory and framing effects in choice: Gist extraction, truncation, and conversion
    • doi:10.1002/bdm.3960040403
    • Reyna, V. F., & Brainerd, C. J. (1991). Fuzzy-trace theory and framing effects in choice: Gist extraction, truncation, and conversion. Journal of Behavioral Decision Making, 4, 249-262. doi:10.1002/bdm.3960040403
    • (1991) Journal of Behavioral Decision Making , vol.4 , pp. 249-262
    • Reyna, V.F.1    Brainerd, C.J.2
  • 38
    • 0344549753 scopus 로고    scopus 로고
    • Economics and psychology? The case of hyperbolic discounting
    • doi: 10.1111/1468-2354.t01-1-00106
    • Rubinstein, A. (2003). "Economics and psychology"? The case of hyperbolic discounting. International Economic Review, 44, 1207-1216. doi: 10.1111/1468-2354.t01-1-00106
    • (2003) International Economic Review , vol.44 , pp. 1207-1216
    • Rubinstein, A.1
  • 39
    • 67649999933 scopus 로고    scopus 로고
    • An investigation of time-inconsistency
    • doi:10.1287/mnsc.1080.0942
    • Sayman, S., & Öncüler, A. (2009). An investigation of time-inconsistency. Management Science, 55, 470-482. doi:10.1287/mnsc.1080.0942
    • (2009) Management Science , vol.55 , pp. 470-482
    • Sayman, S.1    Öncüler, A.2
  • 40
    • 67649946449 scopus 로고    scopus 로고
    • Discounting by intervals: A generalized model of intertemporal choice
    • doi:10.1287/mnsc.1060.0534
    • Scholten, M., & Read, D. (2006). Discounting by intervals: A generalized model of intertemporal choice. Management Science, 52, 1424-1436. doi:10.1287/mnsc.1060.0534
    • (2006) Management Science , vol.52 , pp. 1424-1436
    • Scholten, M.1    Read, D.2
  • 41
    • 77955319225 scopus 로고    scopus 로고
    • The psychology of intertemporal tradeoffs
    • doi:10.1037/a0019619
    • Scholten, M., & Read, D. (2010). The psychology of intertemporal tradeoffs. Psychological Review, 117, 925-944. doi:10.1037/a0019619
    • (2010) Psychological Review , vol.117 , pp. 925-944
    • Scholten, M.1    Read, D.2
  • 42
    • 0027673022 scopus 로고
    • Reason-based choice
    • doi:10.1016/0010-0277(93)90034-S
    • Shafir, E., Simonson, I., & Tversky, A. (1993). Reason-based choice. Cognition, 49, 11-36. doi:10.1016/0010-0277(93)90034-S
    • (1993) Cognition , vol.49 , pp. 11-36
    • Shafir, E.1    Simonson, I.2    Tversky, A.3
  • 43
    • 45849110956 scopus 로고    scopus 로고
    • Transaction costs in group micro credit in India: Case studies of three micro-finance institutions
    • IFMR working paper
    • Shankar, S. (2006). Transaction costs in group micro credit in India: Case studies of three micro-finance institutions. IFMR working paper.
    • (2006)
    • Shankar, S.1
  • 44
    • 0035164550 scopus 로고    scopus 로고
    • Informal finance and the design of microfinance
    • Shreiner, M. (2000). Informal finance and the design of microfinance. Development in Practice, 11, 637-640.
    • (2000) Development in Practice , vol.11 , pp. 637-640
    • Shreiner, M.1
  • 45
    • 33646581388 scopus 로고    scopus 로고
    • Decision by sampling
    • doi:10.1016/j.cogpsych.2005.10.003
    • Stewart, N., Chater, N., & Brown, G. D. A. (2006). Decision by sampling. Cognitive Psychology, 53, 1-26. doi:10.1016/j.cogpsych.2005.10.003
    • (2006) Cognitive Psychology , vol.53 , pp. 1-26
    • Stewart, N.1    Chater, N.2    Brown, G.D.A.3
  • 47
    • 0000673030 scopus 로고
    • Some empirical evidence of dynamic inconsistency
    • doi:10.1016/0165-1765(81)90067-7
    • Thaler, R. (1981). Some empirical evidence of dynamic inconsistency. Economics Letters, 8, 201-207. doi:10.1016/0165-1765(81)90067-7
    • (1981) Economics Letters , vol.8 , pp. 201-207
    • Thaler, R.1
  • 48
    • 53549124091 scopus 로고    scopus 로고
    • Bikinis instigate generalized impatience in intertemporal choice
    • doi:10.1086/525505
    • Van den Bergh, B., Dewitte, S., & Warlop, L. (2008). Bikinis instigate generalized impatience in intertemporal choice. Journal of Consumer Research, 35, 85-97. doi:10.1086/525505
    • (2008) Journal of Consumer Research , vol.35 , pp. 85-97
    • Van den Bergh, B.1    Dewitte, S.2    Warlop, L.3
  • 49
    • 84924149155 scopus 로고    scopus 로고
    • Cambridge, England: Cambridge University Press.
    • Wakker, P. (2010). Prospect theory. Cambridge, England: Cambridge University Press.
    • (2010) Prospect theory
    • Wakker, P.1
  • 50
    • 34250345678 scopus 로고    scopus 로고
    • Asymmetric discounting in intertemporal choice: A query-theory account
    • doi:10.1111/j.1467-9280.2007.01932.x
    • Weber, E. U., Johnson, E. J., Milch, K. F., Chang, H., Brodscholl, J. C., & Goldstein, D. G. (2007). Asymmetric discounting in intertemporal choice: A query-theory account. Psychological Science, 18, 516-523. doi:10.1111/j.1467-9280.2007.01932.x
    • (2007) Psychological Science , vol.18 , pp. 516-523
    • Weber, E.U.1    Johnson, E.J.2    Milch, K.F.3    Chang, H.4    Brodscholl, J.C.5    Goldstein, D.G.6
  • 51
    • 67651044752 scopus 로고    scopus 로고
    • Discounting time and time discounting: Subjective time perception and intertem-poral preferences
    • doi: 10.1509/jmkr.46.4.543
    • Zauberman, G., Kim, B., Malkoc, S., & Bettmann, J. R. (2009). Discounting time and time discounting: Subjective time perception and intertem-poral preferences. Journal of Marketing Research, 46, 543-556. doi: 10.1509/jmkr.46.4.543
    • (2009) Journal of Marketing Research , vol.46 , pp. 543-556
    • Zauberman, G.1    Kim, B.2    Malkoc, S.3    Bettmann, J.R.4


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.