Abdellaoui, Mohammed; Attema, ArthurE.; Bleichrodt, Han - In: Economic Journal 120 (2010) 545, pp. 845-866
This article provides a parameter-free measurement of utility in intertemporal choice and presents new and more robust evidence on the discounting of money outcomes. Intertemporal utility was concave for gains and convex for losses, consistent with a hypothesis put forward by <link rid="b51">Loewenstein and...