Intertemporal Choice

Intertemporal choice studies how individuals make decisions involving trade-offs between immediate and delayed rewards, aiming to understand the cognitive processes and biases influencing these choices. Current research focuses on developing and refining models, including those leveraging large language models and incorporating behavioral economic principles like prospect theory and projection bias, to better predict and potentially influence decision-making. This research is significant for its implications across diverse fields, from improving the design of online recommender systems and financial products to enhancing our understanding of human cognition and developing personalized interventions to promote better long-term decision-making.