Intertemporal Preference Reversal Prediction (iPRP)

In intertemporal choice, researchers have frequently used curve fitting to compare participants’ responses to theoretical discounting functions. The curve fit, however, does not provide a decisive conclusion as to whether the experiment data is qualitatively fitted better to one model or to another. It only tells which function quantitatively fits the data better than the other. To explore the qualitative predictions of different discounting models of intertemporal choice, we have developed a new model framework technique (iPRP: intertemporal preference reversal prediction) that can highlight qualitative properties of discounting models. [NSF Division of Social and Economics Sciences Dissertation Award #1156072]

Microsoft PowerPoint - iPRP_Apr2012