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BEGIN:VEVENT
DTSTAMP:20260622T130031Z
DTSTART;VALUE=DATE-TIME:20150129T143000
DTEND;VALUE=DATE-TIME:20150129T155000
SUMMARY:DR@W Forum: Ben Newell (University of New South Wales)
TZID:Europe/London
UID:20150129-8a1785d77b065d9b017b5dc5cb4e1fb7@warwick.ac.uk
CREATED:20141003T132613Z
DESCRIPTION:"Are risk and delay psychologically equivalent? Evidence from
  direct comparisons." We know a lot about people’s time preferences. We 
 also know a lot about people’s risk preferences. We know much less about
  how risk and delay interact. Consider an individual who is indifferent 
 between receiving $90 in 8 months or receiving $50 now\; and similarly i
 ndifferent between a 60% chance of receiving $90 or $50 for certain. Wha
 t would happen if they were asked to choose between receiving $90 in 8 m
 onths or a 60% chance of $90 now? Strict psychological equivalence of ri
 sk and delay predicts indifference here too. I will present some recent 
 work in which we have attempted to elicit and model people’s preferences
  for these kinds of choices in the hope of shedding light on what has be
 en described as the “complex and not easily understood” (Weber & Chapman
 \, 2005\, p.104) interaction of risk and delay.
LOCATION:����TV Library (Wolfson Research Exchange Area- Room 1)
CATEGORIES:Draw Forum
LAST-MODIFIED:20210819T093725Z
ORGANIZER;CN="":
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