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Preference for increasing wages: How do people value various streams of income?

Prior studies have found that subjects prefer an improving sequence of income over a constant sequence, even if the constant sequence offers a larger present-discounted value. However, little is known about how these preferences vary with the size of the wage payments. In each of four studies, we fi...

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Главные авторы: Sean Duffy, John Smith
Формат: Artigo
Язык:Inglês
Опубликовано: Cambridge University Press 2013-01-01
Серии:Judgment and Decision Making
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Online-ссылка:http://journal.sjdm.org/12/12201a/jdm12201a.pdf
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