The Retrospective Evaluation of Payment Sequences: Duration Neglect and Peak-and-End-Effects

In this paper we present experimental research examining the ability of individuals to make good retrospective evaluations of payment sequences. Inspired by the evidence on systematic biases inthe retrospective evaluation of affective episodes involving pain and pleasure we designed choice scenarios for payment sequences, in which the existence of peak and end effects as well as duration neglect could be examined. (...)

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Year of publication:	2000-10-01
Authors:	Langer, Thomas ; Sarin, Rakesh ; Weber, Martin
Publisher:	Sonderforschungsbereich Rationalitätskonzepte, Entscheidungsverhalten und Ökonomische Modellierung <Mannheim> Universität <Mannheim> / Lehrstuhl für Allgemeine Betriebswirtschaftslehre, Finanzwirtschaft, insbesondere Bankbetriebslehre
Subject:	Evaluation \| evaluation \| Zeitpräferenz \| Zahlung \| Sequenz \| Car sequencing

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Extent:	695296 bytes 27 p. application/pdf
Series:	Sonderforschungsbereich 504 - Rationalitätskonzepte, Entscheidungsverhalten und Ökonomische Modellierung - Discussion Papers Journal of Economic Behavior and Organization ; 58 (2005) Discussion Paper ; No. 00-45
Type of publication:	Book / Working Paper
Language:	English
Classification:	Financial theory ; Individual Working Papers, Preprints ; Individual Articles ; No country specification
Source:	USB Cologne (business full texts)

Persistent link: https://www.econbiz.de/10005844864