{"product_id":"choice-over-time-9780871545589","title":"Choice Over Time","description":"\u003cp\u003eMany of our most urgent national problems suggest a widespread lack of concern for the future. Alarming economic conditions  such as low national savings rates  declining corporate investment in long-term capital projects  and ballooning private and public debt are matched by such social ills as diminished educational achievement  environmental degradation  and high rates of infant mortality  crime  and teenage pregnancy. At the heart of all these troubles lies an important behavioral phenomenon: in the role of consumer  manager  voter  student  or parent  many Americans choose inferior but immediate rewards over greater long-term benefits. Choice Over Time offers a rich sampling of original research on intertemporal choicehow and why people decide between immediate and delayed consequencesfrom a broad range of theoretical and methodological perspectives in philosophy  political science  psychology  and economics. George Loewenstein  Jon Elster  and their distinguished colleagues review existing theories and forge new approaches to understanding significant questions: Why do people seem to \"discount\" future benefits? Do individuals use the same decision-making strategy in all aspects of their lives? What part is played by situational factors such as the certainty of delayed consequences? How are decisions affected by personal factors such as willpower and taste? In addressing these issues  the contributors to Choice Over Time address many social  economic  psychological  and personal time problems. Their work demonstrates the predictive power of short-term preferences in behavior as varied as addiction and phobia  the effect of prices on consumption  and the dramatic rise in debt and decline in savings. Choice Over Time provides an essential source for the most recent research and theory on intertemporal choice  offering new models for time preference patternsand their aberrationsand presenting a diversity of potential solutions to the problem of \"temporal myopia.\"\u003c\/p\u003e","brand":"My Store","offers":[{"title":"Default Title","offer_id":45789453811765,"sku":"ByrdShop_0871545586","price":48.33,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0627\/8139\/0901\/files\/9780871545589.jpg?v=1784692175","url":"https:\/\/atxbooks.com\/products\/choice-over-time-9780871545589","provider":"ATX Books","version":"1.0","type":"link"}