Showing 1 - 10 of 2,431
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
(SHARE), we elicit individual time preferences using competing discounting specifications. With the formulation that best …
Persistent link: https://www.econbiz.de/10013415755
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
. 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
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
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
Traders in global markets operate at different local times-of-day. Suboptimal times-of-day may produce sleepiness due to daily variations in sleep/wake patterns and possibly also increased accumulation of hours awake. Global asset markets imply significantly increased heterogeneity in circadian...
Persistent link: https://www.econbiz.de/10011731909
Heterogeneity in time discounting may reinforce the existing barriers to save and invest faced by rural populations in … observable characteristics. This finding highlights the importance of education in development. -- Time discounting ; patience …
Persistent link: https://www.econbiz.de/10003824853