A naive justification of hyperbolic discounting from mental algebraic operations and functional analysis

IF 3.2 Q1 BUSINESS, FINANCE

Quantitative Finance and Economics Pub Date : 2023-01-01 DOI:10.3934/qfe.2023023

Salvador Cruz Rambaud, Jorge Hernandez-Perez

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引用次数: 1

Abstract

Background

Intertemporal decision-making, which involves making choices between outcomes at different time points, is a fundamental aspect of human behavior. Understanding the underlying mental processes is vital for comprehending the complexities of human decision-making and choice behavior.

Objective

The main objective of this study is to investigate the interplay of mental processes, specifically cognitive evaluation, subjective valuation, and comparison, in the context of intertemporal decision-making, with a specific focus on understanding the discounting process.

Methodology

Development of a mathematical representation of the discounting process that incorporates the mental processes associated with intertemporal decision-making.

Result

Our findings indicate that hyperbolic discounting aligns well with the cognitive processes underlying intertemporal decision-making. Subsequent research will employ qualitative questionnaires to establish the discount function relevant to specific groups, thereby enhancing our comprehension of the discounting process within intertemporal decision-making.

查看原文本刊更多论文

从心理代数运算和泛函分析中对双曲折现的朴素证明

跨期决策是人类行为的一个基本方面，它涉及在不同的时间点对结果进行选择。理解潜在的心理过程对于理解人类决策和选择行为的复杂性至关重要。& lt; / sec>本研究的主要目的是探讨跨期决策背景下心理过程，特别是认知评价、主观评价和比较的相互作用，并特别关注对贴现过程的理解。& lt; / sec><sec><title>方法论</title>< < < >开发贴现过程的数学表示，将与跨期决策相关的心理过程纳入其中。& lt; / sec><sec> title < results </title>< < >我们的研究结果表明，双曲线贴现与跨期决策的认知过程非常吻合。后续研究将采用定性问卷来建立与特定群体相关的贴现函数，从而增强我们对跨期决策中的贴现过程的理解。& lt; / sec> & lt; / abstract>

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来源期刊

Quantitative Finance and Economics BUSINESS, FINANCE-

CiteScore

0.30

自引率

1.90%

发文量

审稿时长

12 weeks