The combined effects of risk and time on choice: Does uncertainty eliminate the immediacy effect? Does delay eliminate the certainty effect?

By B. Weber, Gretchen Chapman. 2005

173 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences, Management Science and Operations Research

View Paper: https://www.semanticscholar.org/paper/580ebe8266ae6d82e099736d58f1ffc2e063373c

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In Economics and Econometrics

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Citations in the corpus

Viewing the future through a warped lens: Why uncertainty generates hyperbolic discounting (2011, background): “Another strand of the literature investigates people’s choices when both risk and delay are present (Keren and Roelofsma 1995; Ahlbrecht and Weber 1997; Weber and Chapman 2005; Noussair and Wu 2006; Anderson and Stafford 2009; Baucells and Heukamp 2010; Coble and Lusk 2010).”
Judgmental Discounting and Environmental Risk Perception: Dimensional Similarities, Domain Differences, and Implications for Sustainability (2007, background): “Scarce examples of such research are Stevenson (1992), Keren and Roelofsma (1995), Ahlbrecht and Weber (1997), and Weber and Chapman (2005) .”
The Effects of Proximity and Empathy on Ethical Decision-Making: An Exploratory Investigation (2009, background): “As this is often not the case, researchers have studied how situational constraints influence the decision-making process, such as time and certainty (e.g., Ariely and Zakay, 2001; Perlow et al., 2002; Weber and Chapman, 2005).”
Probability as a psychological distance: Construal and preferences (2007, background): “As noted in the introduction, several authors have argued that time and risk have similar eVects on preferences (Keren & Roelofsma, 1995; Prelec & Loewenstein, 1991; Rachlin et al., 1987, 1991; Weber & Chapman, 2005 ).”
Time, Uncertainty, and Individual Differences in Decisions to Cooperate in Resource Dilemmas (2006, background): “Adding uncertainty to both immediate and delayed outcomes has been shown to eliminate preferences for immediate gains versus delayed gains; in other words, increasing uncertainty of all outcomes decreases discounting (Keren & Roelofsma, 1995; Weber & Chapman, 2004).”
Timing and Self-Control (2012, background): “Note also that Weber and Chapman [2005] do not find this effect, although their sample was very small.”