UCD Geary Institute
Neuroeconomics   
Bibliography Time Preferences
Time Preferences

AINSLIE, G. (1991), "Derivation of “rational” economic behaviour from hyperbolic discount curves", The American Economic Review, 81(2): 334-340    

AINSLIE, G. & MONTEROSSO, J.  (2003).  "Hyperbolic discounting as a factor in addiction: a critical analysis"., In HEATHER, N. & VUCHINICH, R.E. (eds), Choice, Behavioural Economics and Addiction (1st Ed.), pgs 35-69.  Oxford, U.K.: Elsevier Ltd.

AKERLOF, G.A. (1991), “Procrastination and Obedience”, The American Economic Review, 81(2): 1-19  

ALESSIE, R. & LUSARDI, L. (1997), “Saving and income smoothing: evidence from panel data”, European Economic Review, 41(7): 1251-1279

ALESSIE, R. & KAPTEYN, A. (2001), “New Data For Understanding Saving”, Oxford Review of Economic Policy, 17(1): 55-69

ATKESON, A. & OGAKI, M. (1996), “Wealth-varying intertemporal elasticities of substitution”, Journal of Monetary Economics, 38(3): 507-534

BARSKY, R.B., JUSTER, F.T., KIMBALL, M.S. & SHAPIRO, M.D. (1997), "Preference parameters and behavioural heterogeneity: An experimental approach in the health and retirement study", The Quarterly Journal of Economics, 112(2): 537-579

BEAUDRY, P. & VAN WINCOOP, E. (1996), “The Intertemporal Elasticity of Substitution: An Exploration using a US Panel of State Data”, Economica, 63(251)

BECKER, G.S. & MULLIGAN, C.B. (1997), "The endogenous determination of time preference", The Quarterly Journal of Economics, 112(3): 729-758

BENHABIB, J. & BISIN, A. (2004), “Modelling internal commitment mechanisms and self-control: A neuroeconomics approach to consumption-savings decisions”, Games and Economic Behaviour, 52(2): 460-492

BISHAI, D.M. (2004), “Does Time Preference Change With Age?”, Journal of Population Economics, 17(4): 583-602  

BONNEUX, L. & BIRNIE, E. (2001), "The discount rate in the economic evaluation of prevention: a thought experiment", Journal of Epidemiology and Community Health, 55(2): 123-125  

BROCAS, I. & CARRILLO, J. (2001), “Rush and Procrastination under Hyperbolic Discounting and Interdependent Activities”, The Journal of Risk and Uncertainty, 22(2): 141-164

CAIRNS, J. & VAN DER POL, M. (1997), “Saving Future Lives. A Comparison of Three Discounting Models”, Health Economics, 6(4): 341-350

CAIRNS, J. & VAN DER POL, M. (2000), “The estimation of marginal time preference in a UK wide sample (TEMPUS) project”, Health Technology Assessment, 4(1)

CAPLIN, A. & LEAHY, J. (2001), “Psychological Expected Utility Theory and Anticipatory Feelings”, The Quarterly Journal of Economics, 116(1): 55-79

CHABRIS, C.F., LAIBSON, D.I., SCHULDT, J.P.  (in press).  "Intertemporal Choice".  In Durlauf, S. & Blume, L. (Eds.), The New Palgrave Dictionary of Economics (2nd ed.).  London: Palgrave: Macmillan.

COLLER, M. & WILLIAMS, M. (1999), “Eliciting Individual Discount Rates”, Experimental Economics, 2(2): 107-127  

DONKERS, B. & VAN SOEST, A.  (1999).  "Subjective measures of household preferences and financial decisions".  Journal of Economic Psychology 20(6): 613-642

FEHR, E. & ZYCH, P.K. (2000), "Intertemporal choice under habit formation", Working Paper No. 43, University of Zurich  

FEHR, E. (2002), "The economics of impatience", Nature, 415(6869): 269-272

FREDERICK, S., LOWENSTEIN, G. & O’DONOGHUE, T. (2002), "Time discounting and time preference: a critical review", Journal of Economic Literature, 40: 351-401

GLIMCHER, P. (2002), “ Decisions, Decisions, Decisions: Choosing a Biological Science of Choice”, Neuron, 36: 323-332  

GONG, L. (2006), “Endogenous Time Preference, Inflation and Capital Accumulation”, Journal of Economics, 87(3): 241-255

GREEN, L., MYERSON, J. & OSTASZEWSKI, P.  (1999).  "Discounting of delayed rewards across the life span: age differences in individual discounting functions".  Behavioral Processes 46 (1): 89-96

GREEN, L. & MYERSON, J.  (2004).  "A discounting framework for choice with delayed and probabilistic rewards".  Psychological Bulletin 130(5): 769-792

HARRISON, G.W., LAU, M.I. & WILLIAMS, M. (2002), “Estimating Individual Discount Rates for Denmark: A Field Experiment”, The American Economic Review, 92(5): 1606-1617

HARRISON, G.W., HARSTAD, R. & RUSTROM, E.E. (2004), “Experimental Methods and Elicitation of Values”, Experimental Economics, 7(2): 123-140

HARRISON, G.W., LAU, M.I., RUTSTROM, E.E. & SULLIVAN, M.B. (2005), "Eliciting Risk and Time Preferences Using Field Experiments: Some Methodological Issues”, in CARPENTER, J., HARRISON, G.W. and LIST, J.A., editors, Field Experiments in Economics, Greenwich, CT: JAI Press, Research in Experimental Economics, 10

HAUSMAN, J. (1979), “Individual Discount Rates and the Purchase and Utilisation of Energy-using Durables”, Bell Journal of Economics, 10(1): 33-54

HEEREY, E.A., ROBINSON, B.M., MCMAHON, R.P. & GOLD, J.M. (2007). "Delay Discounting in Schizophrenia". Cognitive Neuropsychiatry, 12(3): 213-221

HO, M.Y., MOBINI, S., CHIANG, T.J., BRADSHAW, C.M. & SZABADI, E. (1999), “Theory and method in quantitative analysis of ‘impulsive choice’ behaviour: implications for psychopharmacology”, Psychopharmacology, 146(4): 362-372  

HOCHGUERTEL, S. (2003), “Precautionary Motives and Portfolio Decisions”, Journal of Applied Econometrics, 18(1): 61-77

HOLDEN, S.T., SHIFERAW, B. & WIK, M. (1998), “Poverty, market imperfections and time preferences: of relevance for environmental policy?”, Environment and Development Economics 3(1): 105-130

KAPTEYN, A. & TEPPA, F. (2003), “Hypothetical Intertemporal Consumption Choices”, Economic Journal, 113(486): C140-C151

KIRBY, K.N. & HERRNSTEIN, R.J.  (1995).  "Preference reversals due to myopic discounting of delayed rewards".  Psychological Science 6(2): 83-89

KIRBY, K.N., MARAKOVIC, N.N.  (1995).  "Modeling myopic decisions: evidence for hyperbolic delay-discounting within subjects and amounts".  Organizational Behavior and Human Decision Processes 64(1): 22-30  

KLOCHKO, M.A. & ORDESHOOK, P.C. (2003), “Corruption, cooperation and endogenous time discount rates”, Public Choice, 115(3/4): 259-283

KONIG, C.J. & KLEINMANN, M. (2006), “Individual Differences in the Use of Time Management Mechanics and in Time Discounting”, Individual Differences Research, in press  

KRUSSELL, P. & SMITH, A.A. Jnr. (2003), “Consumption-Savings Decisions with Quasi-Geometric Discounting”, Econometrica, 71: 365-375  

LAIBSON, D.I. (1996), “Hyperbolic Discount Functions, Undersaving, and Savings Policy”, NBER Working Paper 5635, National Bureau of Economic Research, Cambridge, MA 02138  

LOWENSTEIN, G.A. (1987), "Anticipation and the valuation of delayed consumption", The Economic Journal, 97(387): 666-684

LOWENSTEIN, G.A. & THALER, R.H. (1989), "Anomalies: Intertemporal Choice", Journal of Economic Perspectives, 3(4): 181-193      

LOWENSTEIN, G.A. & PRELEC, D., (1991), "Negative Time Preference", American Economic Review, 81(2): 347-52  

LOWENSTEIN, G.A. (1996), “Out of Control: Visceral Influences on Behaviour”, Organisational Behaviour and Human Decision Processes, 65(3): 272-292

LOWENSTEIN, G.A., O’DONOGHUE, T. & RABIN, M. (2003), “Projection Bias in Predicting Future Utility”, The Quarterly Journal of Economics, 118(4): 1169-1208

MONTEROSSO, J. & AINSLIE, G. (1999), “Beyond discounting: possible experimental methods of impulse control”, Psychopharmacology, 146(4): 339-347

O’DONOGHUE, T. & RABIN, M. (1999), "Doing it Now or Later", The American Economic Review, 89(1): 103-124

O’DONOGHUE, T. & RABIN, M. (2000), "The economics of immediate gratification", Journal of Behavioural Decision-Making, 13(2): 233-250

PEART, S.J. (2000), “Irrationality and Intertemporal Choice in Early Neoclassical Thought”, The Canadian Journal of Economics, 33(1): 175-189

PENDER, J.L. (1996), “Discount Rates and Credit Markets: Theory and Evidence from Rural India”, Journal of Development Economics, 50(2): 257-296

POULOS, C. & WHITTINGTON, D. (1999), “Individuals’ Time Preferences for Life-Saving Programs: Results from Six Less Developed Countries”, Economy and Environment Program for South East Asia (EEPSEA) Special Papers, International Development Research Centre, Regional Office for Southeast and East Asia, Tanglin P.O. Box 101, Singapore 9124   

PRELEC, D. & LOWENSTEIN, G. (1997), “Beyond Time Discounting”, Marketing Letters, 8(1): 97-108  

PRELEC, D. (2004), “Decreasing Impatience: A Criterion for Non-stationary Time Preference and ‘Hyperbolic’ Discounting”, Scandinavian Journal of Economics, 106(3): 511-532  

RABIN, M. & THALER, R.H. (2001), "Anomalies: Risk Aversion", The Journal of Economic Perpsectives, 15(1): 219-232  

READ, D. (2001), “Is Time-Discounting Hyperbolic or Subadditive?”, Journal of Risk and Uncertainty, 23(1): 5-32

READ, D. & READ N.L.  (2004).  "Time discounting over the lifespan".  Organizational Behavior and Human Decision Processes 94(1): 22-32

REYNOLDS, B. (2004), “Measuring state changes in human delay discounting: an experiential discounting task”, Behavioural Processes, 67(3): 343-356

RUBINSTEIN, A. (2003), “ ‘Economics and Psychology’? The Case of Hyperbolic Discounting”, International Economic Review, 44(4): 1207-1216

SAUNDERS, B. & FOGARTY, G. (2001), “Time Discounting in Relation to Career Preferences”, Journal of Vocational Behavior, 58(1): 118-126

SCHERES, A., DIJKSTRA, M., AINSLIE, E., BALKAN, J., REYNOLDS, B., SONUGA-BARKE, E. & CASTELLANOS, F. (2006), “Temporal and probabilistic discounting of rewards in children and adolescents: Effects of age and ADHD symptoms”, Neuropsychologia, 44(11): 2092-2103

SHAMOSH, N.A. & GRAY, J.R. (2008). "Delay discounting and intelligence: A meta-analysis", Intelligence, 36:289-305

SOMAN, D., AINSLIE, G., FREDERICK, S., LI, X., LYNCH, J., MOREAU, P., MITCHELL, A., READ, D., SAWYER, A., TROPE, Y., WERTENBROCH, K., ZAUBERMAN, G.  (2005).  "The psychology of intertemporal discounting: why are distant events valued differently from proximal ones?".  Marketing Letters 16 (3/4): 347-360

STERN, M..L. (2006), “Endogenous Time Preference and Optimal Growth”, Economic Theory, 29(1): 49-70

STUPHORN, V. (2005), “Neuroeconomics: The Shadow of the Future”, Current Biology, 15(7): 247-249

SVENSON, O. (1984), "Time perception and long-term risks", Information Systems & Operational Research, 22(2), 196-214

TAKAHASHI, T. (2005), “Loss of self-control in intertemporal choice may be attributable to logarithmic time-perception”, Medical Hypotheses, 65(4): 691-693 

TAKAHISHI, T. (2006), “Queuing theory under competitive social foraging may explain a mathematical equivalence of delay and probability in impulsive decision-making”, Medical Hypotheses, 67(2): 276-279

VENTURA, L. (2003), “Direct Measures of Time Preference”, Economic and Social Review, 34(3): 293-310

YI, R., DE LA PIEDAD, X., BICKEL, W.K.  (2006).  "The combined effects of delay and probability in discounting".  Behavioural Processes 73(2): 149-155

ZAUBERMAN, G. & LYNCH, J.G. (2005), "Resource slack and propensity to discount delayed investments of time versus money", Journal of Experimental Psychology, 134(1): 23-37