Intertemporal Choices in Management Decision Making

Business & Finance, Management & Leadership, Management
Cover of the book Intertemporal Choices in Management Decision Making by Ilir Hajdini, GRIN Verlag
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Author: Ilir Hajdini ISBN: 9783656290001
Publisher: GRIN Verlag Publication: October 16, 2012
Imprint: GRIN Verlag Language: English
Author: Ilir Hajdini
ISBN: 9783656290001
Publisher: GRIN Verlag
Publication: October 16, 2012
Imprint: GRIN Verlag
Language: English

Research Paper (postgraduate) from the year 2012 in the subject Business economics - Business Management, Corporate Governance, grade: 2, University of Vienna, language: English, abstract: This research paper will survey models and experiments for decisions involving outcomes of different amounts at different points of time. Experiments have shown that people like to get rewards earlier than later in time. This is what the concept of Intertemporal choice implies. Thus, this paper will consider theoretical concepts including discounted utility, hyperbolic and quasy-hyperbolic models as well as empirical results indicating how people really make such decisions.

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Research Paper (postgraduate) from the year 2012 in the subject Business economics - Business Management, Corporate Governance, grade: 2, University of Vienna, language: English, abstract: This research paper will survey models and experiments for decisions involving outcomes of different amounts at different points of time. Experiments have shown that people like to get rewards earlier than later in time. This is what the concept of Intertemporal choice implies. Thus, this paper will consider theoretical concepts including discounted utility, hyperbolic and quasy-hyperbolic models as well as empirical results indicating how people really make such decisions.

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