Does the Convex Time Budget Approach Lead to Evidence of Hyperbolic Discounting When the Time Horizon is Very Long?

We employ the convex time budget approach in a laboratory experiment to measure individual discount rates for time horizons that are longer (5, 10, and 20 years) than what is typically explored in previous literature. We reject hyperbolic discounting in favor of constant discount rates and because of the long time horizon, the average discount rate of 1.9% is much lower than the rates typically found in empirical estimation of individual discount rates

MoreLess

Year of publication:	2014
Authors:	Shaw, W. Douglass
Other Persons:	Grijalva, Therese C. (contributor) ; Lusk, Jayson L. (contributor) ; Rong, Rong (contributor)
Publisher:	[2014]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Zeitökonomie \| Economy of time \| Diskontierung \| Discounting \| Zeitkonsistenz \| Time consistency \| Zeit \| Time \| Intertemporale Entscheidung \| Intertemporal choice

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (10 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 9, 2014 erstellt
Other identifiers:	10.2139/ssrn.2514056 [DOI]
Classification:	D90 - Intertemporal Choice and Growth. General ; Q50 - Environmental Economics. General
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013045145