有限意识与跨期选择中的异常现象:以谷歌地球缩放为隐喻和模型

Bounded awareness and anomalies in intertemporal choice: Zooming in Google Earth as both metaphor and model

Journal of Risk and Uncertainty · 2017
被引 11
ABS 3

中文导读

利用不确定性选择理论的最新发展,将认知局限导致的跨期选择异常(如双曲贴现和量级效应)建模为有限意识,并以谷歌地球的缩放功能为隐喻。通过现场实验数据验证,发现缩放模型能解释数据中的显著异常。

Abstract

This paper draws on recent developments in the theory of choice under uncertainty to model anomalies in intertemporal choice. Cognitive limitations leading to hyperbolic discounting and magnitude effects in intertemporal choice may be described in terms of bounded awareness, and represented by phenomena familiar from visualization software such as Google Earth. Cognitive limits on visualization impose constraints on both the area being viewed and the level of detail of the view, with a trade-off between the two. Increasing detail at the expense of limiting the area viewed may be described as zooming. Data from a field experiment were used to assess the theory with an incentive-compatible multiple price list approach involving magnitude levels of 5x, 10x and 20x the basic magnitude level with time horizons of one, three, six and 12 months. Without zooming adjustments in base consumption, very strong hyperbolic and magnitude effects were found, and present bias could not explain the hyperbolic effects. The zooming model provides an explanation of what appear to be significant intertemporal anomalies in the data.

行为经济学跨期选择认知局限实验经济学