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We use a laboratory experiment to elicit discount rates over a 20-year time horizon using government savings bonds as a payment vehicle. When using a constant (exponential) discount rate function, we find an implied average discount rate of 4.9 %, which is much lower than has been found in...
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Food safety policy programs often involve communication campaigns that inform the general public about reductions in the risk of experiencing negative outcomes in the future. Using a stated-choice survey, we find that people do not fully accept scientific risk estimates, but they adjust these to...
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