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Halevy (2008) establishes a relation between non-standard behaviors in the domains of risk and time. A decision maker who believes that only present consumption is certain while any future consumption is uncertain exhibits diminishing impatience if and only if her preferences on the risk domain...
Persistent link: https://www.econbiz.de/10011184474
We evaluate Andreoni and Sprenger's (2012) data on choices made from Convex Time Budgets (CTB) for external consistency with the Weak Axiom of Revealed Preference (WARP) relative to the pairwise choice benchmark, and for internal consistency with respect to demand, wealth and impatience...
Persistent link: https://www.econbiz.de/10011202928