Reference point-dependent tradeoffs in intertemporal decision making

Behavioral and Brain Sciences 28 (5):663-664 (2005)
Abstract
We agree with Ainslie's general approach to intertemporal choices and self-control. However, we argue that a concept of “will” is superfluous in explaining tradeoffs between SS (smaller and sooner) and LL (larger and later) rewards in a framework of temporal goal setting and goal aggregation. We provide an alternative framework of reference point-dependent tradeoffs between SS and LL options.
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DOI 10.1017/S0140525X05360110
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