Abdellaoui, Mohammed; Bleichrodt, Han; Olivier l’Haridon - In: Journal of Risk and Uncertainty 47 (2013) 3, pp. 225-253
Allowing for sign-dependence in discounting substantially improves the description of people’s time preferences. The deviations from constant discounting that we observed were more pronounced for losses than for gains. Our data also suggest that the discount function should be flexible enough...