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 discount function, assumptions concerning the nature of utility may … assume an equivalence between utility under risk and over time, and whether they result in an estimate of the curvature of …

This paper examines the effects of alternative assumptions regarding the curvature of utility upon estimated discount … the Holt and Laury method for risk. The results demonstrate that utility elicited directly from choice over time is … significantly concave, but far closer to linear than utility elicited under risk. As a result, the effect of adjusting discount …

. Yet, economic theory predicts that the scope for punishment as acting as a deterrent depends on how much individuals … discount future events when balancing the immediate utility of the crime and the costs of a potential future punishment. If …

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 …

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 …

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 …

, quasi-hyperbolic discounting as well as subjective failure probability over future payments. We investigate the predictive …

This paper tests the broadly adopted assumption that people apply a single discount rate to the utility from different … corresponding demand for commitment can be observed even if individuals do not exhibit horizon-specific discounting. In addition …, good-specific discounting, under certain conditions, can explain the persistence of poverty and low savings by the poor …