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Bargaining and Time Preferences: An Experimental Study
Kim, Jeongbin; Lim, Wooyoung; Schweighofer-Kodritsch, … - 2020
our extension is isomorphic to generalized discounting with dynamic consistency and characterize the unique equilibrium … respect to time discounting. All bargaining takes place within a single experimental session, so bargaining delay is … behavioral support for the basic predictions that hold regardless of the details of discounting. Testing differential predictions …
Persistent link: https://www.econbiz.de/10012425589
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Complexity and Time
Enke, Benjamin; Graeber, Thomas; Oprea, Ryan - 2023
We provide experimental evidence that core intertemporal choice anomalies – including extreme short-run impatience, structural estimates of present bias, hyperbolicity and transitivity violations – are driven by complexity rather than time or risk preferences. First, all anomalies also arise...
Persistent link: https://www.econbiz.de/10014290237
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Complexity and Hyperbolic Discounting
Enke, Benjamin; Graeber, Thomas; Oprea, Ryan - 2023
discounting of money has been questioned as a measure of time preferences, it continues to be highly relevant in empirical …. We provide evidence that hyperbolic discounting reflects mistakes that are driven by the complexity of evaluating delayed …
Persistent link: https://www.econbiz.de/10014469816
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Beliefs as a Means of Self-Control? Evidence from a Dynamic Student Survey
Bönisch, Felix; König, Tobias; … - 2024
quasi-hyperbolic discounting and malleable beliefs predicts that the dynamics of beliefs mirrors the importance of exerting …
Persistent link: https://www.econbiz.de/10014534276
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The Many Faces of Human Sociality: Uncovering the Distribution and Stability of Social Preferences
Bruhin, Adrian; Fehr, Ernst; Schunk, Daniel - 2018
There is vast heterogeneity in the human willingness to weigh others’ interests in decision making. This heterogeneity concerns the motivational intricacies as well as the strength of other-regarding behaviors, and raises the question how one can parsimoniously model and characterize...
Persistent link: https://www.econbiz.de/10011931990
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The Many Faces of Human Sociality: Uncovering the Distribution and Stability of Social Preferences
Bruhin, Adrian; Fehr, Ernst; Schunk, Daniel - 2016
There is vast heterogeneity in the human willingness to weigh others’ interests in decision making. This heterogeneity raises the question how one can parsimoniously model and characterize heterogeneity across several dimensions of social preferences while still being able to predict behavior...
Persistent link: https://www.econbiz.de/10011431279
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Measuring Time and Risk Preferences: Realiability, Stability, Domain Specificity
Wölbert, Eva; Riedl, Arno - 2013
risk and typically need to assume stability of these characteristics over time and across decision domains. We test the … reliability of two choice tasks for eliciting discount rates, risk aversion, and probability weighting and assess the stability of …
Persistent link: https://www.econbiz.de/10010318820
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Econographics
Chapman, Jonathan; Dean, Mark; Ortoleva, Pietro; … - 2018
We study the pattern of correlations across a large number of behavioral regularities, with the goal of creating an empirical basis for more comprehensive theories of decision-making. We elicit 21 behaviors using an incentivized survey on a representative sample (n = 1;000) of the U.S....
Persistent link: https://www.econbiz.de/10011931952
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Once upon a time preference: How rationality and risk aversion change the rationale for discounting
2012
)actions, the more weight they receive. If uncertainty is endogenous to the decision process, the new rationale for discounting will …
Persistent link: https://www.econbiz.de/10010281940
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Giving in the Face of Risk
Cettolin, Elena; Riedl, Arno; Tran, Giang - 2016
The decision how to share resources with others often needs to be taken under uncertainty on its allocational consequences. Although risk preferences are likely important, existing research is silent about how social and risk preferences interact in such situations. In this paper we provide...
Persistent link: https://www.econbiz.de/10011584886