Showing 1 - 10 of 2,253
offender's time discounting. We exploit quasi-experimental variation in sentence length generated by a large collective pardon … in Italy and provide non-parametric evidence on the extent of discounting from the raw data on recidivism and sentence …
Persistent link: https://www.econbiz.de/10011453421
the economics domain. In the experiment we find that: 1) traditional economic models based on discounting alone cannot …; 2) our model, despite considering only a specific (exponential) form of discounting, can explain the data much better … basic predictions of discounting theories: the deviations are not random and there are clear systematic patterns of …
Persistent link: https://www.econbiz.de/10003323162
. Yet, economic theory predicts that the scope for punishment as acting as a deterrent depends on how much individuals …
Persistent link: https://www.econbiz.de/10010355861
This methodological survey reviews recent developments in the design of experiments to elicit individuals' time preferences, with a focus on the measurement or control for potentially non-linear utility. While the objective of a time preference experiment is usually to estimate parameters of a...
Persistent link: https://www.econbiz.de/10011458093
individual discount rate, this paper analyzes whether changes in time discounting can account for differences in body mass … remarkable increase in BMI experienced in recent years. We find some evidence for a link between time discounting and differences … our hypothesis the best chance, we analyze the development of the time discounting proxies that are most strongly related …
Persistent link: https://www.econbiz.de/10002805498
imposing any structural assumption on the instantaneous utility, intertemporal utility or the discounting functions. We find … assumption that discounting is consistent across domains can lead to non-negligible prediction errors in models involving non …
Persistent link: https://www.econbiz.de/10012596211
centuries from today is new to the empirical literature on discounting and, with the appropriate risk adjustment, of relevance …
Persistent link: https://www.econbiz.de/10011455856
, quasi-hyperbolic discounting as well as subjective failure probability over future payments. We investigate the predictive …
Persistent link: https://www.econbiz.de/10011580855
Research has shown that procrastination has signicant adverse effects on individuals, including lower savings and poorer health. Procrastination is typically modeled as resulting from present bias. In this paper we study an alternative: excessively optimistic beliefs about future demands on an...
Persistent link: https://www.econbiz.de/10012193799
We use a unique design feature of a survey of Italian firms to study the causal effect of inflation expectations on firms' economic decisions. In the survey, a randomly chosen subset of firms is repeatedly treated with information about recent inflation (or the European Central Bank's inflation...
Persistent link: https://www.econbiz.de/10011958753