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|a 10.1086/422110
|2 doi
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|a (DE-627)JST026557371
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|a (JST)3692691
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|a DE-627
|b ger
|c DE-627
|e rakwb
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|a en
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|a Okada, Erica Mina
|e verfasserin
|4 aut
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|a Spending Time versus Spending Money
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|c 2004
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|a Text
|b txt
|2 rdacontent
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|a Computermedien
|b c
|2 rdamedia
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|a Online-Ressource
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|a * Erica Mina Okada is assistant professor of marketing at the University of Washington, Box 353200, Seattle, WA 98195 ( emokadau.washington.edu ), and Stephen J. Hoch is John J. Pomerantz professor of marketing at the Wharton School, University of Pennsylvania, Philadelphia, PA 19035 ( hochs@wharton.upenn.edu ). The authors thank the editor, associate editor, and reviewers for their input.
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|a We find systematic differences in the way that people spend time versus money. Ex post, people are able to more easily accommodate negative outcomes by adjusting the value of their temporal inputs. Ex ante, people are willing to spend more time for higher risk, higher return options whereas when spending money the pattern is reversed and the more standard pattern of increasing risk aversion is observed. Although accurate assessment of the opportunity costs of time is key to making good decisions, ambiguity in the value of time promotes accommodation and rationalization.
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|a © 2004 by JOURNAL OF CONSUMER RESEARCH, Inc.
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|a Time
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|a Judgment and Decision Making
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|a Behavioral Decision Theory
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|a Experimental Design and Analysis (ANOVA)
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|a Economics
|x Macroeconomics
|x Money
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|a Economics
|x Macroeconomics
|x Money
|x Currency
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|a Mathematics
|x Applied mathematics
|x Statistics
|x Applied statistics
|x Inferential statistics
|x Expected values
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|a Economics
|x Economic disciplines
|x Financial economics
|x Finance
|x Financial analysis
|x Risk management
|x Risk aversion
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|a Economics
|x Microeconomics
|x Economic costs and benefits
|x Economic costs
|x Opportunity costs
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|a Behavioral sciences
|x Behavioral economics
|x Consumer behavior
|x Consumer sovereignty
|x Consumer spending
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|a Economics
|x Economic research
|x Economic analysis
|x Economic value
|x Valuation
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|a Philosophy
|x Epistemology
|x Ambiguity
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|a Behavioral sciences
|x Leisure studies
|x Recreation
|x Games
|x Gambling
|x Lotteries
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|a Mathematics
|x Applied mathematics
|x Statistics
|x Applied statistics
|x Descriptive statistics
|x Measures of variability
|x Statistical variance
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650 |
|
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|a Economics
|x Macroeconomics
|x Money
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650 |
|
4 |
|a Economics
|x Macroeconomics
|x Money
|x Currency
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650 |
|
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|a Mathematics
|x Applied mathematics
|x Statistics
|x Applied statistics
|x Inferential statistics
|x Expected values
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650 |
|
4 |
|a Economics
|x Economic disciplines
|x Financial economics
|x Finance
|x Financial analysis
|x Risk management
|x Risk aversion
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650 |
|
4 |
|a Economics
|x Microeconomics
|x Economic costs and benefits
|x Economic costs
|x Opportunity costs
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650 |
|
4 |
|a Behavioral sciences
|x Behavioral economics
|x Consumer behavior
|x Consumer sovereignty
|x Consumer spending
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650 |
|
4 |
|a Economics
|x Economic research
|x Economic analysis
|x Economic value
|x Valuation
|
650 |
|
4 |
|a Philosophy
|x Epistemology
|x Ambiguity
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650 |
|
4 |
|a Behavioral sciences
|x Leisure studies
|x Recreation
|x Games
|x Gambling
|x Lotteries
|
650 |
|
4 |
|a Mathematics
|x Applied mathematics
|x Statistics
|x Applied statistics
|x Descriptive statistics
|x Measures of variability
|x Statistical variance
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|a Erica Mina
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|a research-article
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|a Hoch, Stephen J.
|e verfasserin
|4 aut
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|i Enthalten in
|t Journal of Consumer Research
|d University of Chicago Press
|g 31(2004), 2, Seite 313-323
|w (DE-627)337810230
|w (DE-600)2063374-9
|x 15375277
|7 nnns
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|g volume:31
|g year:2004
|g number:2
|g pages:313-323
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|u https://www.jstor.org/stable/10.1086/422110
|3 Volltext
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|u https://doi.org/10.1086/422110
|3 Volltext
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|d 31
|j 2004
|e 2
|h 313-323
|