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Anomalies: Intertemporal Choice

George Loewenstein et al. · 1989
OpenAlex · Papers · 1989
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econometricseconomicsinterest-ratemicroeconomics
We examine a number of situations in which people do not appear to discount money flows at the market rate of interest or any other single discount rate. Discount rates observed in both laboratory and field decision-making environments are shown to depend on the magnitude and sign of what is being d
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