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, 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
the Holt and Laury method for risk. The results demonstrate that utility elicited directly from choice over time is …
Persistent link: https://www.econbiz.de/10012062699
preferences, with a focus on the measurement or control for potentially non-linear utility. While the objective of a time …
Persistent link: https://www.econbiz.de/10011458093
intelligence tests as cognitive stressors, we find that stress increases subjective discounting rates, has no effect on the degree …
Persistent link: https://www.econbiz.de/10010337421
inherently unobservable sources of heterogeneity learning ability and workers' inter-temporal preferences (discounting) both of …
Persistent link: https://www.econbiz.de/10002529741
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 … ; good-specific discounting ; savings ; poverty traps …
Persistent link: https://www.econbiz.de/10009575093
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/10009533429
market. Even though we allow for a general-hyperbolic specification (which has exponential discounting as a special case … specification) of 8 %. -- present bias ; hyperbolic discounting ; discount rate ; hedonic estimation …
Persistent link: https://www.econbiz.de/10009310096
One main motive behind lengthy prison terms for serious crime is to deter potential offenders from engaging in crime. 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...
Persistent link: https://www.econbiz.de/10010355861