Showing 1 - 9 of 9
We use a field experiment and a within-subject design based on multiple Choice Lists (CLs) that integrate time and risk. Diminishing impatience with extended time horizons is studied by varying time horizons from one week to two years. Time-dated risky prospects are constant within CLs and are...
Persistent link: https://www.econbiz.de/10012814571
Persistent link: https://www.econbiz.de/10014282385
This is a revised plan for the finalization of the "Youth Groups for Sustainable Development: Lessons from the Ethiopian Model" (Researcher project under NORGLOBAL2, funded by the Research Council of Norway). The project started in 2019 and was planned to last for four years. A civil war broke...
Persistent link: https://www.econbiz.de/10014334977
The experiments designed to estimate real-life discount rates in intertemporal choice often rely on ordered choice lists, where the list by design aims to capture a switch point between near- and far-future alternatives. Structural models like a Samuelson discounted utility model are often...
Persistent link: https://www.econbiz.de/10014575294
We use a field experiment and a within-subject design based on multiple Choice Lists (CLs) that integrate time and risk. Diminishing impatience with extended time horizons is studied by varying time horizons from one week to two years. Time-dated risky prospects are constant within CLs and are...
Persistent link: https://www.econbiz.de/10013329990
Our time preferences deviate systematically from that of Homo economicus. They seem to be driven by a form of mental zooming, where higher and more distant payouts induce a more holistic perspective in contrast to smaller and near future payouts. We model zooming as variable asset integration...
Persistent link: https://www.econbiz.de/10012624504
The appropriate way to empirically estimate time-dated utility and time preferences based on experimental data has been subject to controversy. Our study assesses whether within-subject magnitude treatments are more appropriately modeled through utility curvature, variable asset integration or...
Persistent link: https://www.econbiz.de/10012624505
This is a revised plan for the finalization of the "Youth Groups for Sustainable Development: Lessons from the Ethiopian Model" (Researcher project under NORGLOBAL2, funded by the Research Council of Norway). The project started in 2019 and was planned to last for four years. A civil war broke...
Persistent link: https://www.econbiz.de/10014567502
The experiments designed to estimate real-life discount rates in intertemporal choice often rely on ordered choice lists, where the list by design aims to capture a switch point between near- and far-future alternatives. Structural models like a Samuelson discounted utility model are often...
Persistent link: https://www.econbiz.de/10014581205