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effects, these results can be solely attributed to present-biased discounting under the pay-later scheme. These results imply …
Persistent link: https://www.econbiz.de/10012390729
-form analyses and model estimations. Based on a globally representative dataset on time preference in 76 countries, we document two …
Persistent link: https://www.econbiz.de/10013189598
opportunity. Further, if her time preferences exhibit inter-temporal conflicts between future selves (e.g., hyperbolic discounting …We study a model of task completion with the opportunity to learn about own self-control problems over time. While the …-negative learning cost and spending one period. If the agent has time-consistent preferences, she always chooses to learn whenever the …
Persistent link: https://www.econbiz.de/10012118521
(motivated procrastination) turns out to be robust to accounting for decision-makers' time preferences and emotional responses …
Persistent link: https://www.econbiz.de/10014487122
I derive a social planner's optimal information design in an environment with quasi-hyperbolic discounting consumers …
Persistent link: https://www.econbiz.de/10011902726
intertemporal choice: (i) agents care about the intertemporal distribution of risk and (ii) rates of time preference, rather than …
Persistent link: https://www.econbiz.de/10014476731
We examine the additivity of stock-market expectations over different time intervals. When asked about a ten … expectations over two shorter time intervals that cover the same ten years. Such sub-additivity is irrational in that it cannot … stem from aggregating short-term expectations. Model estimates show that the pattern is consistent with a time perception …
Persistent link: https://www.econbiz.de/10014088354
and statistically significant relationship between reported rates of time preference across countries and the government … expenditure multiplier. This study uses recent cross-country data on reported rates of time preferences gathered by Wang, Rieger … and Hens (2011). We find that a higher reported rate of time preference is strongly associated with a larger government …
Persistent link: https://www.econbiz.de/10009692601
allow SES to influence both the level of parental time and parenting style investments, as well as the productivity of the …
Persistent link: https://www.econbiz.de/10012034138
Firms often set long notice periods when consumers cancel a contract, and sometimes do so even when the costs of changing or canceling the contract are small. We investigate a model in which a firm offers a contract to consumers who may procrastinate canceling it due to naive present-bias. We...
Persistent link: https://www.econbiz.de/10011905152