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(Referência obtida automaticamente do Web of Science, por meio da informação sobre o financiamento pela FAPESP e o número do processo correspondente, incluída na publicação pelos autores.)

The additive property of the inconsistency degree in intertemporal decision making through the generalization of psychophysical laws

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Autor(es):
Destefano, Natalia ; Martinez, Alexandre Souto [1]
Número total de Autores: 2
Afiliação do(s) autor(es):
[1] Univ Sao Paulo, FFCLRP, BR-14040901 Ribeirao Preto, SP - Brazil
Número total de Afiliações: 1
Tipo de documento: Artigo Científico
Fonte: PHYSICA A-STATISTICAL MECHANICS AND ITS APPLICATIONS; v. 390, n. 10, p. 1763-1772, MAY 15 2011.
Citações Web of Science: 7
Resumo

Intertemporal decision making involves choices among options whose effects occur at different moments. These choices are influenced not only by the effect of reward value perception at different moments, but also by the time perception effect. One of the main difficulties that affect standard experiments involving intertemporal choices is the simultaneity of both effects on time discounting. In this paper, we unify the psychophysical laws and discount value functions using the one-parameter exponential and logarithmic functions from nonextensive statistical mechanics. Also, we propose to measure the degree of inconsistency. This quantity allow us to discriminate both effects of time and value perception on discounting process and, by integration, obtain other main quantities like impulsivity and discount functions. (C) 2011 Elsevier B.V. All rights reserved. (AU)

Processo FAPESP: 09/17733-5 - Modelos de Objetividade e Subjetividade na Inconsistência/Impulsividade e Aversão ao Risco nas Tomadas de Decisões.
Beneficiário:Natália Destefano
Modalidade de apoio: Bolsas no Brasil - Doutorado