Browsing by Subject "Time and economic reactions"

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Can expected utility theory explain gambling?

Farrell, Lisa ; Hartley, Roger (American Economic Association, 2002-06)

We investigate the ability of expected utility theory to account for simultaneous gambling and insurance. Contrary to a previous claim that borrowing and lending in perfect capital markets removes the demand for gambles, ...
Event-related potentials reveal differential brain regions implicated in discounting in two tasks

Delaney, Liam ; Denny, Kevin ; Rawdon, Caroline ; Zhang, Wen ; Roche, Richard A.P. (University College Dublin. Geary Institute, 2008-04-17)

The way people make decisions about future benefits – termed discounting - has important implications for both financial planning and health behaviour. Several theories assume that, when delaying gratification, the lower ...