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S. Frederick, T. Loewenstein and T. O’Donoghue, “Time Discounting and Time Preference: A Critical Review,” Journal of Economic Literature, Vol. 40, No. 2, 2002, pp. 351-401. doi:10.1257/002205102320161311

has been cited by the following article:

• TITLE: An Experimental Comparison of Quantum Decision Theoretical Models of Intertemporal Choice for Gain and Loss

  AUTHORS: Taiki Takahashi, Hiroshi Nishinaka, Takaki Makino, Ruokang Han, Hiroki Fukui

  KEYWORDS: Discounting; Neuroeconomics; Econophysics; Quantum Decision Theory; Tsallis’ Statistics

  JOURNAL NAME: Journal of Quantum Information Science, Vol.2 No.4, December 31, 2012

  ABSTRACT: In mathematical physics and psychology, “quantum decision theory” has been proposed to explain anomalies in human decision-making. One of such quantum models has been proposed to explain time inconsistency in human decision over time. In this study, we conducted a behavioral experiment to examine which quantum decision models best account for human intertemporal choice. We observed that a q-exponential model developed in Tsallis’ thermodynamics (based on Takahashi’s (2005) nonlinear time perception theory) best fit human behavioral data for both gain and loss, among other quantum decision models.