. Yet, economic theory predicts that the scope for punishment as acting as a deterrent depends on how much individuals … criminals have short time horizons, then it is hard to imagine punishment acting as a key deterrent. This paper provides the … first empirical investigation of the link between time preferences and criminal behavior. Our study is made possible by …

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 … assume an equivalence between utility under risk and over time, and whether they result in an estimate of the curvature of …

association between 'irrational' choices. -- time preference ; time sequences ; negative discounting …In this paper we formulate and investigate experimentally a model of how individuals choose between time sequences of … the economics domain. In the experiment we find that: 1) traditional economic models based on discounting alone cannot …

Standard consumption utility is linked in time to a consumption event, whereas the timing of prosocial utility flows is …-offs, existing models of other-regarding preferences abstract from the time signature of utility flows, limiting their explanatory … scope. Building on a canonical intertemporal choice framework, we characterize the behavioral implications of the time …

: excessively optimistic beliefs about future demands on an individual's time. The models can be distinguished by how individuals …

Using a unique field experiment from Canada, we estimate individual preference over risk and time and show considerable …, quasi-hyperbolic discounting as well as subjective failure probability over future payments. We investigate the predictive …

We compare different designs that have been used to test for an impact of time horizon on discounting, using real …-temporal choice. -- time preference ; hyperbolic discounting ; self-control ; dynamic inconsistency ; intransitivity … declining (hyperbolic) discounting, but with other designs find constant or increasing discounting. As a whole, the data are not …

rates in experimental data. To do so, it introduces a novel design to elicit time preference building upon a translation of … the Holt and Laury method for risk. The results demonstrate that utility elicited directly from choice over time is …

We propose a simple method for eliciting individual time preferences without estimating utility functions even in … settings where background consumption changes over time. It relies on lottery tickets with high rewards. In a standard …

can be non-parametrically identified with contracts that specify payments that take place at various points in time in the … 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 …