The economics of immediate gratification

By Ted O’Donoghue, Matthew Rabin. 2000

390 citations recorded by the source corpus.

Subfields: Economics and Econometrics, General Decision Sciences

View Paper: https://www.semanticscholar.org/paper/9dbdf93a0123313935c01e3c02cddf4f9f749035

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Citations in the corpus

What Can Behavioral Economics Teach Us about Privacy (2008, background): “In [3], we present a model of privacy behavior grounded on some of those distortions - in particular, the tendency to trade-off privacy costs and benefits in ways that may be inconsistent with individuals’ initial plans leading to damages of the future selves in favor of immediate gratification [38]”
The Silver Lining of Materialism: The Impact of Luxury Consumption on Subjective Well-Being (2012, background): “As individuals appear to have a strong desire for immediate gratifications, they highly value these short-lived rewards (O’Donoghue and Rabin 2000).”
Short Horizons and Tempting Situations: Lack of Continuity to Our Future Selves Leads to Unethical Decision Making and Behavior (2012, background): “If as Parfit (1971) posits, a person views his future self as if it is another person altogether, then they may have a similar difficulty understanding how this future self will feel as a consequence of unethical decisions made in the present.”
The Role of Behavioural Economics in Energy and Climate Policy (2011, positive): “However, if an individual decides to do the work in a month, when the day comes, he or she would again prefer to delay it until the next day (O’Donoghue and Rabin 2000).”
Privacy in electronic commerce and the economics of immediate gratification (2004, methodology): “For example, individuals have a tendency to discount ‘hyperbolically’ future costs or benefits [31, 27].”
Functional Neuroimaging of Intertemporal Choice Models: A Review (2010, methodology): “…upon value can be modeled normatively using a single exponential decay function, more complex functions are needed to describe actual choice behavior (Fudenberg & Levine, 2006; Kalenscher & Pennartz, 2008; Loewenstein, O’Donoghue, & Rabin, 2003; O’Donoghue & Rabin, 2000; Ok & Masatlioglu, 2007).”
Losses , Gains , and Hyperbolic Discounting : An Experimental Approach to Information Security Attitudes and Behavior (2003, background): “Individuals have a tendency to “discount hyperbolically” or to show other behavioral distortions discussed in the economic literature (see, for example, [28]).”