Query Theory
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ELKE WEBER TO SPEAK IN LONDON JAN 27, 2009
Those who will attend tomorrow’s Economics of Behaviour and Decision Making Seminar Series are in for a treat as Elke Weber, of Columbia University’s Psychology Department and Graduate School of Business, will present “When do we want it? Now! A Query Theory process account of Intertemporal Choice.”
Tuesday January 27th, 2009
Location: Westminster Business School seminar room MR2
Time: 17h30-19h00
Abstract
Psychologists and behavioral economists agree that many of our preferences are constructed, rather than innate or pre-computed and stored. Little research, however, has explored the implications that established facts about human attention and memory have when people marshal evidence for their decisions. This talk provides an introduction to query theory, a psychological process model of preference construction, and uses it to explain a range of phenomena in intertemporal choice, including our impatience when we are asked to delay consumption. Behavioral data in combination with neuroscience evidence (fMRI and TMS) will be provide support for query theory’s assumptions about the processes underlying intertemporal preference construction.
A paper on the theory can be found here.
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