{"id":"https://openalex.org/W3114826890","doi":"https://doi.org/10.3390/sym13010041","title":"Are Delay and Interval Effects the Same Anomaly in the Context of Intertemporal Choice in Finance?","display_name":"Are Delay and Interval Effects the Same Anomaly in the Context of Intertemporal Choice in Finance?","publication_year":2020,"publication_date":"2020-12-29","ids":{"openalex":"https://openalex.org/W3114826890","doi":"https://doi.org/10.3390/sym13010041","mag":"3114826890"},"language":"en","primary_location":{"id":"doi:10.3390/sym13010041","is_oa":true,"landing_page_url":"https://doi.org/10.3390/sym13010041","pdf_url":"https://www.mdpi.com/2073-8994/13/1/41/pdf?version=1609307727","source":{"id":"https://openalex.org/S190787756","display_name":"Symmetry","issn_l":"2073-8994","issn":["2073-8994"],"is_oa":true,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Symmetry","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://www.mdpi.com/2073-8994/13/1/41/pdf?version=1609307727","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5018756112","display_name":"Salvador Cruz Rambaud","orcid":"https://orcid.org/0000-0002-1318-1221"},"institutions":[{"id":"https://openalex.org/I52354020","display_name":"University of Almer\u00eda","ror":"https://ror.org/003d3xx08","country_code":"ES","type":"education","lineage":["https://openalex.org/I52354020"]}],"countries":["ES"],"is_corresponding":true,"raw_author_name":"Salvador Cruz Rambaud","raw_affiliation_strings":["Departamento de Econom\u00eda y Empresa, Universidad de Almer\u00eda, La Ca\u00f1ada de San Urbano, s/n, 04120 Almer\u00eda, Spain"],"raw_orcid":"https://orcid.org/0000-0002-1318-1221","affiliations":[{"raw_affiliation_string":"Departamento de Econom\u00eda y Empresa, Universidad de Almer\u00eda, La Ca\u00f1ada de San Urbano, s/n, 04120 Almer\u00eda, Spain","institution_ids":["https://openalex.org/I52354020"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5022467539","display_name":"Piedad Ortiz Fern\u00e1ndez","orcid":"https://orcid.org/0000-0003-4695-2106"},"institutions":[{"id":"https://openalex.org/I52354020","display_name":"University of Almer\u00eda","ror":"https://ror.org/003d3xx08","country_code":"ES","type":"education","lineage":["https://openalex.org/I52354020"]}],"countries":["ES"],"is_corresponding":false,"raw_author_name":"Piedad Ortiz Fern\u00e1ndez","raw_affiliation_strings":["Departamento de Econom\u00eda y Empresa, Universidad de Almer\u00eda, La Ca\u00f1ada de San Urbano, s/n, 04120 Almer\u00eda, Spain"],"raw_orcid":"https://orcid.org/0000-0003-4695-2106","affiliations":[{"raw_affiliation_string":"Departamento de Econom\u00eda y Empresa, Universidad de Almer\u00eda, La Ca\u00f1ada de San Urbano, s/n, 04120 Almer\u00eda, Spain","institution_ids":["https://openalex.org/I52354020"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5018756112"],"corresponding_institution_ids":["https://openalex.org/I52354020"],"apc_list":{"value":1400,"currency":"CHF","value_usd":1479},"apc_paid":{"value":1400,"currency":"CHF","value_usd":1479},"fwci":0.2504,"has_fulltext":false,"cited_by_count":3,"citation_normalized_percentile":{"value":0.48142031,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":94},"biblio":{"volume":"13","issue":"1","first_page":"41","last_page":"41"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9988999962806702,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.9988999962806702,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9876000285148621,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10841","display_name":"Economic and Environmental Valuation","score":0.9769999980926514,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/interval","display_name":"Interval (graph theory)","score":0.7433387041091919},{"id":"https://openalex.org/keywords/subadditivity","display_name":"Subadditivity","score":0.586560070514679},{"id":"https://openalex.org/keywords/valuation","display_name":"Valuation (finance)","score":0.5590366125106812},{"id":"https://openalex.org/keywords/intertemporal-choice","display_name":"Intertemporal choice","score":0.540461540222168},{"id":"https://openalex.org/keywords/anomaly","display_name":"Anomaly (physics)","score":0.538975179195404},{"id":"https://openalex.org/keywords/context","display_name":"Context (archaeology)","score":0.5362645387649536},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.517488956451416},{"id":"https://openalex.org/keywords/hyperbolic-discounting","display_name":"Hyperbolic discounting","score":0.49157437682151794},{"id":"https://openalex.org/keywords/discounting","display_name":"Discounting","score":0.44517242908477783},{"id":"https://openalex.org/keywords/delay-discounting","display_name":"Delay discounting","score":0.41557779908180237},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.36556947231292725},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.3388941287994385},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.3075450360774994},{"id":"https://openalex.org/keywords/finance","display_name":"Finance","score":0.09677797555923462}],"concepts":[{"id":"https://openalex.org/C2778067643","wikidata":"https://www.wikidata.org/wiki/Q166507","display_name":"Interval (graph theory)","level":2,"score":0.7433387041091919},{"id":"https://openalex.org/C19220575","wikidata":"https://www.wikidata.org/wiki/Q1934099","display_name":"Subadditivity","level":2,"score":0.586560070514679},{"id":"https://openalex.org/C186027771","wikidata":"https://www.wikidata.org/wiki/Q4008379","display_name":"Valuation (finance)","level":2,"score":0.5590366125106812},{"id":"https://openalex.org/C2776945547","wikidata":"https://www.wikidata.org/wiki/Q1403813","display_name":"Intertemporal choice","level":2,"score":0.540461540222168},{"id":"https://openalex.org/C12997251","wikidata":"https://www.wikidata.org/wiki/Q567560","display_name":"Anomaly (physics)","level":2,"score":0.538975179195404},{"id":"https://openalex.org/C2779343474","wikidata":"https://www.wikidata.org/wiki/Q3109175","display_name":"Context (archaeology)","level":2,"score":0.5362645387649536},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.517488956451416},{"id":"https://openalex.org/C2779785983","wikidata":"https://www.wikidata.org/wiki/Q5957248","display_name":"Hyperbolic discounting","level":3,"score":0.49157437682151794},{"id":"https://openalex.org/C6177178","wikidata":"https://www.wikidata.org/wiki/Q10998070","display_name":"Discounting","level":2,"score":0.44517242908477783},{"id":"https://openalex.org/C2994109249","wikidata":"https://www.wikidata.org/wiki/Q186412","display_name":"Delay discounting","level":3,"score":0.41557779908180237},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.36556947231292725},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.3388941287994385},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3075450360774994},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.09677797555923462},{"id":"https://openalex.org/C26873012","wikidata":"https://www.wikidata.org/wiki/Q214781","display_name":"Condensed matter physics","level":1,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C118615104","wikidata":"https://www.wikidata.org/wiki/Q121416","display_name":"Discrete mathematics","level":1,"score":0.0},{"id":"https://openalex.org/C114614502","wikidata":"https://www.wikidata.org/wiki/Q76592","display_name":"Combinatorics","level":1,"score":0.0},{"id":"https://openalex.org/C121332964","wikidata":"https://www.wikidata.org/wiki/Q413","display_name":"Physics","level":0,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.3390/sym13010041","is_oa":true,"landing_page_url":"https://doi.org/10.3390/sym13010041","pdf_url":"https://www.mdpi.com/2073-8994/13/1/41/pdf?version=1609307727","source":{"id":"https://openalex.org/S190787756","display_name":"Symmetry","issn_l":"2073-8994","issn":["2073-8994"],"is_oa":true,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Symmetry","raw_type":"journal-article"},{"id":"pmh:oai:dnet:riualreposit::f48eb929d8105afd978c2fd641d41c31","is_oa":true,"landing_page_url":"http://hdl.handle.net/10835/9276","pdf_url":null,"source":{"id":"https://openalex.org/S4306402641","display_name":"LA Referencia (Red Federada de Repositorios Institucionales de Publicaciones Cient\u00edficas)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I4383465926","host_organization_name":"LA Referencia","host_organization_lineage":["https://openalex.org/I4383465926"],"host_organization_lineage_names":[],"type":"repository"},"license":"other-oa","license_id":"https://openalex.org/licenses/other-oa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"","raw_type":"info:eu-repo/semantics/article"},{"id":"pmh:oai:doaj.org/article:dacb287f18014ff0858913d6e1c442d2","is_oa":true,"landing_page_url":"https://doaj.org/article/dacb287f18014ff0858913d6e1c442d2","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Symmetry, Vol 13, Iss 1, p 41 (2020)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.3390/sym13010041","is_oa":true,"landing_page_url":"https://doi.org/10.3390/sym13010041","pdf_url":"https://www.mdpi.com/2073-8994/13/1/41/pdf?version=1609307727","source":{"id":"https://openalex.org/S190787756","display_name":"Symmetry","issn_l":"2073-8994","issn":["2073-8994"],"is_oa":true,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Symmetry","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.4099999964237213}],"awards":[{"id":"https://openalex.org/G485905725","display_name":null,"funder_award_id":"DER2016-76053R","funder_id":"https://openalex.org/F4320321837","funder_display_name":"Ministerio de Econom\u00eda y Competitividad"}],"funders":[{"id":"https://openalex.org/F4320321837","display_name":"Ministerio de Econom\u00eda y Competitividad","ror":"https://ror.org/034900433"}],"has_content":{"grobid_xml":false,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3114826890.pdf"},"referenced_works_count":42,"referenced_works":["https://openalex.org/W115070868","https://openalex.org/W1487074239","https://openalex.org/W1511413465","https://openalex.org/W1603071803","https://openalex.org/W1719919299","https://openalex.org/W1847236181","https://openalex.org/W1972850108","https://openalex.org/W1975912221","https://openalex.org/W1979321329","https://openalex.org/W1986453915","https://openalex.org/W1998101653","https://openalex.org/W1998503232","https://openalex.org/W2002360442","https://openalex.org/W2004717177","https://openalex.org/W2006619603","https://openalex.org/W2009939649","https://openalex.org/W2019964383","https://openalex.org/W2055265054","https://openalex.org/W2069510752","https://openalex.org/W2088376665","https://openalex.org/W2089491881","https://openalex.org/W2094104200","https://openalex.org/W2099582297","https://openalex.org/W2120505991","https://openalex.org/W2139620775","https://openalex.org/W2140237961","https://openalex.org/W2144203601","https://openalex.org/W2157244121","https://openalex.org/W2504933562","https://openalex.org/W2806971111","https://openalex.org/W2807089009","https://openalex.org/W2910313055","https://openalex.org/W3009578827","https://openalex.org/W3087801860","https://openalex.org/W3121330560","https://openalex.org/W3123194174","https://openalex.org/W3123596341","https://openalex.org/W4235624728","https://openalex.org/W4248826057","https://openalex.org/W4313425073","https://openalex.org/W6638749812","https://openalex.org/W6674739484"],"related_works":["https://openalex.org/W2016339384","https://openalex.org/W2769937861","https://openalex.org/W2005033227","https://openalex.org/W2158789485","https://openalex.org/W2027991794","https://openalex.org/W2056222366","https://openalex.org/W2034348874","https://openalex.org/W3074175447","https://openalex.org/W2026614433","https://openalex.org/W3176310869"],"abstract_inverted_index":{"Traditionally,":[0],"the":[1,12,16,46,52,57,67,78,82,86,123,130,134,146,150,156,161,167,171,176,191,200,203,206,210],"interval":[2,83,135,164,194,204],"and":[3,9,114,128,209],"delay":[4,47,126,157,207],"effects":[5],"have":[6,42,60],"been":[7,43,74],"identified":[8],"considered":[10,61],"as":[11],"same":[13],"anomaly":[14],"in":[15],"context":[17],"of":[18,25,69,89,99,125,133,140,178,193],"intertemporal":[19],"choice,":[20],"when":[21],"individuals":[22,26],"or":[23],"groups":[24],"make":[27,187],"their":[28,112],"decisions":[29],"about":[30],"reward":[31],"preferences.":[32],"This":[33,65],"has":[34,73],"supposed":[35],"that":[36,51],"most":[37],"studies":[38],"on":[39,45],"this":[40,63,90,141],"topic":[41],"focused":[44],"effect":[48,127,158,208],"and,":[49],"consequently,":[50],"discount":[53],"functions":[54],"provided":[55],"by":[56],"existing":[58],"literature":[59],"only":[62],"effect.":[64,84,136,165,195],"is":[66,92,143,154,175],"case":[68],"hyperbolic":[70],"discounting,":[71],"which":[72,102],"used":[75],"to":[76,93,106,189],"describe":[77],"delay,":[79],"but":[80],"not":[81],"Therefore,":[85],"main":[87,138],"objective":[88],"paper":[91,142],"carry":[94],"out":[95],"a":[96],"detailed":[97],"analysis":[98],"both":[100,181],"anomalies,":[101],"will":[103,120,198],"allow":[104],"us":[105],"mathematically":[107],"relate":[108],"them,":[109],"thus":[110],"finding":[111],"analogies":[113],"differences.":[115],"To":[116],"do":[117],"this,":[118],"we":[119,197],"first":[121],"analyze":[122,199],"concept":[124,192],"later":[129],"different":[131],"definitions":[132],"The":[137],"conclusion":[139],"twofold.":[144],"On":[145,166],"one":[147],"hand,":[148,169],"if":[149,170],"benchmark":[151],"for":[152],"valuation":[153],"fixed,":[155],"coincides":[159],"with":[160],"so-called":[162],"decreasing":[163],"other":[168],"assessment":[172],"reference":[173],"point":[174],"beginning":[177],"each":[179],"interval,":[180],"anomalies":[182],"are":[183],"different.":[184],"These":[185],"findings":[186],"necessary":[188],"redefine":[190],"Finally,":[196],"relationship":[201],"between":[202],"effect,":[205],"subadditivity":[211]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":1}],"updated_date":"2026-08-28T12:50:07.497085","created_date":"2025-10-10T00:00:00"}