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Download full textBartels, Daniel M.; Rips, Lance J. – Online Submission, 2010
People tend to attach less value to a good if they know a delay will occur before they obtain it. For example, people value receiving $100 dollars tomorrow more than receiving $100 in 10 years. We explore one reason for this tendency (due to Derek Parfit, 1984): In terms of psychological properties, such as beliefs, values, and goals, the decision…
Descriptors: Cost Effectiveness, Psychological Characteristics, Psychological Needs, Personality Change
