Regulation of choice behavior : an experiment investigating the hypothesis that people bundle sequences of expected rewards

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dc.contributor.advisorRoss, Donen_ZA
dc.contributor.advisorHarrison, Glenn Wen_ZA
dc.contributor.authorSchuhr, Alexanderen_ZA
dc.date.accessioned2015-12-08T11:44:12Z
dc.date.available2015-12-08T11:44:12Z
dc.date.issued2015en_ZA
dc.description.abstractThis thesis discusses reward bundling as a process that enables decision makers to self-regulate their choice behavior. Most empirical work on intertemporal choice has focused on analyzing impulsive choice. Less effort has been dedicated to explanations of how individuals manage to overcome self-defeating behavior. This thesis evaluates the theory of reward bundling. It presents a set of econometric tools that can be employed to investigate whether actual choice behavior is consistent with the theory of bundling. It reports an experiment with human subjects. Reward bundling has been demonstrated in experiments with pigeons and rats. However, no empirical study using salient rewards and sound econometric model estimation has ever been carried out with humans. The present experiment is, therefore, the first that meets the methodological standards of experimental economics and finds evidence consistent with the presence of reward bundling.en_ZA
dc.identifier.apacitationSchuhr, A. (2015). <i>Regulation of choice behavior : an experiment investigating the hypothesis that people bundle sequences of expected rewards</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,School of Economics. Retrieved from http://hdl.handle.net/11427/15696en_ZA
dc.identifier.chicagocitationSchuhr, Alexander. <i>"Regulation of choice behavior : an experiment investigating the hypothesis that people bundle sequences of expected rewards."</i> Thesis., University of Cape Town ,Faculty of Commerce ,School of Economics, 2015. http://hdl.handle.net/11427/15696en_ZA
dc.identifier.citationSchuhr, A. 2015. Regulation of choice behavior : an experiment investigating the hypothesis that people bundle sequences of expected rewards. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Schuhr, Alexander AB - This thesis discusses reward bundling as a process that enables decision makers to self-regulate their choice behavior. Most empirical work on intertemporal choice has focused on analyzing impulsive choice. Less effort has been dedicated to explanations of how individuals manage to overcome self-defeating behavior. This thesis evaluates the theory of reward bundling. It presents a set of econometric tools that can be employed to investigate whether actual choice behavior is consistent with the theory of bundling. It reports an experiment with human subjects. Reward bundling has been demonstrated in experiments with pigeons and rats. However, no empirical study using salient rewards and sound econometric model estimation has ever been carried out with humans. The present experiment is, therefore, the first that meets the methodological standards of experimental economics and finds evidence consistent with the presence of reward bundling. DA - 2015 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2015 T1 - Regulation of choice behavior : an experiment investigating the hypothesis that people bundle sequences of expected rewards TI - Regulation of choice behavior : an experiment investigating the hypothesis that people bundle sequences of expected rewards UR - http://hdl.handle.net/11427/15696 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/15696
dc.identifier.vancouvercitationSchuhr A. Regulation of choice behavior : an experiment investigating the hypothesis that people bundle sequences of expected rewards. [Thesis]. University of Cape Town ,Faculty of Commerce ,School of Economics, 2015 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/15696en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentSchool of Economicsen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherEconomicsen_ZA
dc.titleRegulation of choice behavior : an experiment investigating the hypothesis that people bundle sequences of expected rewardsen_ZA
dc.typeDoctoral Thesis
dc.type.qualificationlevelDoctoral
dc.type.qualificationnamePhDen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
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