Estimating Dynamic Discrete Choice Models with Hyperbolic Discounting, with an Application to Mammography Decisions
Hanming Fang, Yang Wang
We extend the semi-parametric estimation method for dynamic discrete choice models using Hotz and Miller's (1993) conditional choice probability (CCP) approach to the setting where individuals may have hyperbolic discounting time preferences and may be naive about their time inconsistency. We illustrate the proposed estimation method with an empirical application of adult women's decisions to undertake mammography to evaluate the importance of present bias and naivety in the under-utilization of this preventive health care. Our results show evidence for both present bias and naivety
Year of publication: |
October 2010
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Authors: | Fang, Hanming |
Other Persons: | Wang, Yang (contributor) |
Institutions: | National Bureau of Economic Research (contributor) |
Publisher: |
Cambridge, Mass : National Bureau of Economic Research |
Subject: | Diskrete Entscheidung | Discrete choice | Intertemporale Entscheidung | Intertemporal choice | Zeitkonsistenz | Time consistency | Entscheidung unter Unsicherheit | Decision under uncertainty | Systematischer Fehler | Bias | Nichtparametrische Schätzung | Nonparametric estimation | Gesundheitsvorsorge | Preventive care | Theorie | Theory | Frauen | Women |
Saved in:
freely available
Extent: | 1 Online-Ressource |
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Series: | NBER working paper series ; no. w16438 |
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Mode of access: World Wide Web System requirements: Adobe [Acrobat] Reader required for PDF files Hardcopy version available to institutional subscribers. |
Other identifiers: | 10.3386/w16438 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10012462218