A value function that explains the magnitude and sign effects

DOI10.1016/J.ECONLET.2009.08.004zbMATH Open1179.91123OpenAlexW2140861190MaRDI QIDQ1046282FDOQ1046282

Authors: Sanjit Dhami, Ali al-Nowaihi 

Publication date: 21 December 2009

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://www.le.ac.uk/economics/research/RePEc/lec/leecon/dp08-31.pdf

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zbMATH Keywords

anomalies of the exponentially discounted utility modelSIE value functionsthe magnitude effectthe sign effect

Mathematics Subject Classification ID

Utility theory (91B16) Consumer behavior, demand theory (91B42)

Cites Work

• Advances in prospect theory: cumulative representation of uncertainty
• Prospect Theory: An Analysis of Decision under Risk
• Golden Eggs and Hyperbolic Discounting
• Is time-discounting hyperbolic or subadditive?
• A theory of (relative) discounting

Cited In (4)

• Deterrence: increased enforcement versus harsher penalties
• Mathematical aspects of degressive proportionality
• The amount-based deformation of the \(q\)-exponential discount function: a joint analysis of delay and magnitude effects
• Corrigendum to ``A note on the Loewenstein-Prelec theory of intertemporal choice

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