Percent framing attenuates the magnitude effect in a preference-matching task of intertemporal choice
by Farid Anvari, Dorina-Diana Verdeș, Davide Marchiori
Research in intertemporal decisions shows that people value future gains less than equivalent but immediate gains by a factor known as the discount rate (i.e., people want a premium for waiting to receive a reward). A robust phenomenon in intertemporal decisions is the finding that the discount rate is larger for small gains than for large gains, termed the magnitude effect. However, the psychological underpinnings of this effect are not yet fully understood. Читать дальше...