Similar Search Results

Comment intégrer le risque dans le calcul économique ?

Gollier, Christian - In: Revue d'économie politique 117 (2007) 2, pp. 209-223

In this paper, I explain why it is sensible to discount future risk free costs and benefits at a rate of 4% in the short run and of 2% in the long run. The riskiness of future cash flows must be taken into account by imputing risk premia rather than by an arbitrary increase in the discount rate....

Persistent link: https://www.econbiz.de/10008680028

Intertemporal Valuation of River Restoration

Meyer, Andrew - In: Environmental & Resource Economics 54 (2013) 1, pp. 41-61

measure the effect of time on benefits, I utilize a discrete choice experiment that includes an attribute for delay until the …

Persistent link: https://www.econbiz.de/10010987465

A reconciliation of time preference elicitation methods

Drichoutis, Andreas; Nayga, Rodolfo - Volkswirtschaftliche Fakultät, … - 2013

We reconcile �findings from the Multiple Price List method (Andersen et al., 2008) and the Convex Time Budget method (Andreoni and Sprenger, 2012a) that seem to have generated a heated debate in the time preference literature. Specifi�cally, we discuss the claims of Andreoni and Sprenger...

Persistent link: https://www.econbiz.de/10011260062

Asymmetric discounting of gains and losses: A query theory account

Appelt, Kirstin; Hardisty, David; Weber, Elke - In: Journal of Risk and Uncertainty 43 (2011) 2, pp. 107-126

Persistent link: https://www.econbiz.de/10009327364

Estimating discount factors for public and private goods and testing competing discounting hypotheses

Meyer, Andrew - In: Journal of Risk and Uncertainty 46 (2013) 2, pp. 133-173

The observation of declining discount rates in experimental settings has led many to promote hyperbolic discounting … over standard exponential discounting as the preferred descriptive model of intertemporal choice. I develop a new framework … likelihood estimates of discounting parameters. I apply this estimation method to a stated-preference survey of river basin …

Persistent link: https://www.econbiz.de/10010863413

The impact of gender and working experience on intertemporal choices

Lu, Yang; Zhuang, Xintian - In: Physica A: Statistical Mechanics and its Applications 409 (2014) C, pp. 146-153

Intertemporal choice has been drawing attention in econophysics and neuroeconomics. In this paper, we experimentally estimate the parameters and AICc (Akaike Information Criterion with small sample correction) of intertemporal choice models (exponential, simple hyperbolic, quasi hyperbolic, and...

Persistent link: https://www.econbiz.de/10010872463

Measuring Impatience: Elicited Discount Rates and the Barratt Impulsiveness Scale

McLeish, Kendra N; Oxoby, Robert J - Volkswirtschaftliche Fakultät, … - 2006

We explore intertemporal decision making to test the extent to which elicited discount rates and a self-reported scale of impatience measure the same behavioral characteristic. We conduct experiments in which we elicit discount rates using monetary rewards and a self-reported measure of...

Persistent link: https://www.econbiz.de/10005619307

Discount functions and self-control problems

Caliendo, Frank N.; Findley, T. Scott - In: Economics Letters 122 (2014) 3, pp. 416-419

In this paper we propose a new strategy for comparing the behavior of a hyperbolic discounter who possesses self-control problems to an exponential discounter who does not. Our strategy controls for inherent differences in overall levels of impatience across discount functions, which thereby...

Persistent link: https://www.econbiz.de/10010743718

Psychophysics of time perception and intertemporal choice models

Takahashi, Taiki; Oono, Hidemi; Radford, Mark H.B. - In: Physica A: Statistical Mechanics and its Applications 387 (2008) 8, pp. 2066-2074

neuroeconomics. Several models have been proposed for intertemporal choice: exponential discounting, general hyperbolic discounting … (exponential discounting with logarithmic time perception of the Weber–Fechner law, a q-exponential discount model based on Tsallis …’s statistics), simple hyperbolic discounting, and Stevens’ power law–exponential discounting (exponential discounting with Stevens …

Persistent link: https://www.econbiz.de/10010589624

Frames of Mind in Intertemporal Choice

Loewenstein, George F. - In: Management Science 34 (1988) 2, pp. 200-214

expressed. Kahneman and Tversky's Prospect Theory (Kahneman, D., A. Tversky. 1979. Prospect theory: An analysis of decision …

Persistent link: https://www.econbiz.de/10009197388

1
2
3
4
5
6
7
8
9
10
Next
Last