Showing 1 - 10 of 1,960
We compare different designs that have been used to test for an impact of time horizon on discounting, using real …
Persistent link: https://www.econbiz.de/10013109435
. 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 …
Persistent link: https://www.econbiz.de/10013053536
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 …
Persistent link: https://www.econbiz.de/10012993871
of Becker's theory to model preferences over continuous time blocks. To examine whether the predictions of the model are …Most activities in life require a certain amount of continuous time. Yet, in the traditional economic model of time … allocation, the time block is not taken into account. Hence, the same amount of utility is derived from an activity regardless of …
Persistent link: https://www.econbiz.de/10013099783
Although both economists and psychologists seek to identify determinants of heterogeneity in behavior, they use different concepts to capture them. In this review we first analyze the extent to which economic preferences and psychological concepts of personality – such as the Big Five and...
Persistent link: https://www.econbiz.de/10013107699
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 …
Persistent link: https://www.econbiz.de/10012863819
when a multiple price list is used instead of a convex time budget design. Also, the effect is reduced by half when sooner …
Persistent link: https://www.econbiz.de/10013099803
future by using present tense (like German). We complement Chen's approach with experimentally elicited time preference data …
Persistent link: https://www.econbiz.de/10013014019
We study risk attitudes, ambiguity attitudes, and time preferences of 661 children and adolescents, aged ten to …
Persistent link: https://www.econbiz.de/10013131926
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 …
Persistent link: https://www.econbiz.de/10013250248