Standard econometric models of discrete choice (such as Fechner model of random errors, Luce’s choice model and random utility or random preference approach) are not well suited for applications to intertemporal choice. This paper proposes a new model that does not violate temporal dominance,...

We conduct a laboratory experiment to study how demand for redistribution of income depends on self-interest, insurance motives, and social concerns relating to inequality and efficiency. Our choice environments feature large groups of subjects and real world framing, and differ with respect to...