The standard model of intertemporal choice assumes risk neutrality toward the length of life: due to additivity, agents are not sensitive to a mean preserving spread in the length of life. Using a survey fielded in the RAND American Life Panel (ALP), this paper provides empirical evidence on...

This online appendix extends the empirical analysis in the main paper, and provides diagnostic tests, robustness checks and additional regression results.The paper "Estimating Sentiment, Risk Aversion, and Time Preference from Behavioral Pricing Kernel Theory" to which these Appendices apply is...

We are often preoccupied with the future, experiencing dread at the thought of future misery and savoring the thought of future pleasure. Prior lab studies have found that these anticipatory emotions influence decision-making. In this article, using a novel approach, we use economic survey data...

We present new descriptive evidence on the immigrant-native gap in risk and time preferences in Germany, one of the most preferred host countries for immigration. Using the recent waves of the Socio-Economic Panel (SOEP) dataset, we find that the immigrant-native gap in risk preferences has...