Understanding the date–delay effect: demographic and behavioral insights in intertemporal choice
摘要
Previous research has questioned the validity of Samuelson’s Discounted Utility model, revealing certain anomalies in intertemporal choice processes. This theoretical–empirical study investigates the date–delay effect, which suggests that individuals make less impulsive monetary decisions when time is framed as calendar dates rather than as delay terms. First, we propose a theoretical definition of this anomaly, assuming the property of non-separability. Next, we conduct an empirical analysis by using data obtained from a questionnaire distributed to Spanish university students (