Showing 1 - 10 of 1,029
Persistent link: https://www.econbiz.de/10011992574
Most evidence of hyperbolic discounting is based on violations of either stationarity or time consistency as observed in choice experiments. These choice reversals may however also result from time-varying discount rates. Hyperbolic discounting is a plausible explanation for choice reversals...
Persistent link: https://www.econbiz.de/10011307819
Persistent link: https://www.econbiz.de/10011485407
Persistent link: https://www.econbiz.de/10011383735
Persistent link: https://www.econbiz.de/10012648856
of present bias across contexts. Discounting in social situations thus seems to be conceptually different from …
Persistent link: https://www.econbiz.de/10012499664
, structural estimations reveal that this is because agents exhibit present bias in own but not in others' consumption. We show … that very similar differences in present bias are observed in the absence of any interpersonal trade-offs, when agents … decide either for themselves or on behalf of another person. At the individual level, we find that present bias in own …
Persistent link: https://www.econbiz.de/10012232130
Persistent link: https://www.econbiz.de/10012258910
We investigate whether the value of time (VOT) depends on when the corresponding preferences are measured: in advance, just before, or after the time period for which the time preferences are being evaluated. We find that the VOT is highest when elicited just before the time period. This is an...
Persistent link: https://www.econbiz.de/10012507266
Persistent link: https://www.econbiz.de/10012886879