Abstract
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.
Schuhr, A (2021). Regulation of Choice Behavior: An Experiment Investigating the Hypothesis That People Bundle Sequences of Expected Rewards. Afribary. Retrieved from https://afribary.com/works/regulation-of-choice-behavior-an-experiment-investigating-the-hypothesis-that-people-bundle-sequences-of-expected-rewards
Schuhr, Alexander "Regulation of Choice Behavior: An Experiment Investigating the Hypothesis That People Bundle Sequences of Expected Rewards" Afribary. Afribary, 15 May. 2021, https://afribary.com/works/regulation-of-choice-behavior-an-experiment-investigating-the-hypothesis-that-people-bundle-sequences-of-expected-rewards. Accessed 18 May. 2024.
Schuhr, Alexander . "Regulation of Choice Behavior: An Experiment Investigating the Hypothesis That People Bundle Sequences of Expected Rewards". Afribary, Afribary, 15 May. 2021. Web. 18 May. 2024. < https://afribary.com/works/regulation-of-choice-behavior-an-experiment-investigating-the-hypothesis-that-people-bundle-sequences-of-expected-rewards >.
Schuhr, Alexander . "Regulation of Choice Behavior: An Experiment Investigating the Hypothesis That People Bundle Sequences of Expected Rewards" Afribary (2021). Accessed May 18, 2024. https://afribary.com/works/regulation-of-choice-behavior-an-experiment-investigating-the-hypothesis-that-people-bundle-sequences-of-expected-rewards