“Economics and Psychology”? The Case of Hyperbolic Discounting*
质疑“经济学与心理学”结合的方法论,以双曲贴现为例,指出支持标准贴现模型的证据同样可反驳双曲贴现,并提出基于相似性的决策过程能更好解释实验观察。
The article questions the methodology of “economics and psychology” in its focus on the case of hyperbolic discounting. Using some experimental results, I argue that the same type of evidence, which rejects the standard constant discount utility functions, can just as easily reject hyperbolic discounting as well. Furthermore, a decision‐making procedure based on similarity relations better explains the observations and is more intuitive. The article concludes that combining “economics and psychology” requires opening the black box of decision makers instead of modifying functional forms.