Psychophysical Neuroeconomics of Decision Making: Nonlinear Time Perception Commonly Explains Anomalies in Temporal and Probability Discounting
Psychophysical Neuroeconomics of Decision Making: Nonlinear Time Perception Commonly Explains Anomalies in Temporal and Probability Discounting作者机构：Center for Experimental Research in Social Science Department of Behavioral Science Faculty of Letters Hokkaido University Sapporo Japan
出 版 物：《Applied Mathematics》 (应用数学（英文）)
年 卷 期：2013年第4卷第11期
页 面：1520-1525页
学科分类：1002[医学-临床医学] 100214[医学-肿瘤学] 10[医学]
基 金：Japan Society for the Promotion of Science JSPS (23118002)
主 题：Psychophysics Discounting Neuroeconomics Econophysics Tsallis’ Statistics
摘 要：Anomalies in decision over time (e.g., “hyperbolic time discounting) and under risk (e.g., Allais paradox and hyperbolic probability discounting) have been attracting attention in behavioral and neuroeconomics. We have proposed that psychophysical time commonly explains anomalies in both decisions (Takahashi, 2011, Physica A;Takahashi et al., 2012, J Behav Econ & Finance). By adopting the q-exponential time and probability discounting models, our psychophysical and behavioral economic experiment confirmed that nonlinear distortion of psychophysical time is a common cause of the anomalies in decision both over time and under risk (i.e., intertemporal choice and decision under risk). Implications for psychophysical neuroeconomics and econophysics are discussed.
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