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Economists and psychologists have devised numerous instruments to measure time preferences and have generated a rich … literature examining the extent to which time preferences predict important outcomes; however, we still do not know which … on outcomes, we gather four different time preference measures and test the extent to which they predict both on their …
Persistent link: https://www.econbiz.de/10009144847
. Yet, economic theory predicts that the scope for punishment as acting as a deterrent depends on how much individuals … criminals have short time horizons, then it is hard to imagine punishment acting as a key deterrent. This paper provides the … first empirical investigation of the link between time preferences and criminal behavior. Our study is made possible by …
Persistent link: https://www.econbiz.de/10010884153
when a multiple price list is used instead of a convex time budget design. Also, the effect is reduced by half when sooner …
Persistent link: https://www.econbiz.de/10010717460
The standard model of intertemporal choice assumes risk neutrality toward the length of life: due to additivity, agents are not sensitive to a mean preserving spread in the length of life. Using a survey fielded in the RAND American Life Panel (ALP), this paper provides empirical evidence on...
Persistent link: https://www.econbiz.de/10010884266
criminal behavior. More precisely, we consider risk and time preferences, personality traits from psychology (Big Five and …
Persistent link: https://www.econbiz.de/10010884182
finding rate and, contrary to what happens with exponential discounting, it can raise the expected lifetime utility of the …
Persistent link: https://www.econbiz.de/10010884201
a combination of several traits and interaction effects can describe the time-invariant individual effect in a panel …
Persistent link: https://www.econbiz.de/10011279285
Although both economists and psychologists seek to identify determinants of heterogeneity in behavior, they use different concepts to capture them. In this review we first analyze the extent to which economic preferences and psychological concepts of personality – such as the Big Five and...
Persistent link: https://www.econbiz.de/10011279288
personality we investigate encompass time preferences, risk preferences, and altruism, as well as crystallized and fluid IQ. We … and quality of time parents spend with their children, the mother's IQ and economic preferences, a child's initial … is fairly stable over time at age 7 to 10. Personality profiles that vary systematically with SES might offer an …
Persistent link: https://www.econbiz.de/10011265283
We compare different designs that have been used to test for an impact of time horizon on discounting, using real … declining (hyperbolic) discounting, but with other designs find constant or increasing discounting. As a whole, the data are not … consistent with any of these usual candidate discounting assumptions, and they also imply a violation of transitivity. The …
Persistent link: https://www.econbiz.de/10009652536