Narrow search
Showing 1 - 10 of 9,695
Cover Image
Robust Inference on Discount Factors
Gauthier, Charles - 2021
This paper takes a revealed preference approach for set identifying the discount factor in the exponential discounting …
Persistent link: https://www.econbiz.de/10013239754
Cover Image
Estimating discount factors within a random utility theoretic framework
Meyer, Andrew (contributor) - 2008
Persistent link: https://www.econbiz.de/10003811041
Cover Image
Is the rational addiction model inherently impossible to estimate?
Laporte, Audrey; Dass, Adrian Rohit; Ferguson, Brian S. - In: Journal of health economics 54 (2017), pp. 161-175
Persistent link: https://www.econbiz.de/10011798626
Cover Image
Intertemporal choice lists and maximal likelihood estimation of discount rates
Sommervoll, Dag Einar; Holden, Stein Terje; Tilahun, Mesfin - 2023
The experiments designed to estimate real-life discount rates in intertemporal choice often rely on ordered choice lists, where the list by design aims to capture a switch point between near- and far-future alternatives. Structural models like a Samuelson discounted utility model are often...
Persistent link: https://www.econbiz.de/10014575294
Cover Image
Estimating Representations of Time Preferences and Models of Probabilistic Intertemporal Choice on Experimental Data
Blavatskyy, Pavlo R. - 2017
We here estimate a number of alternatives to discounted-utility theory, such as quasi-hyperbolic discounting …, generalized hyperbolic discounting, and rank-dependent discounted utility with three different models of probabilistic choice. The … data come from a controlled laboratory experiment designed to reveal individual time preferences in two rounds of 100 …
Persistent link: https://www.econbiz.de/10012963259
Cover Image
Estimating temptation and commitment over the life-cycle
Kovacs, Agnes; Low, Hamish; Moran, Patrick - 2020
This paper estimates the importance of temptation (Gul and Pesendorfer, 2001) for consumption smoothing and asset accumulation in a structural life-cycle model. We use two complementary estimation strategies: first, we estimate the Euler equation of this model; and second we match liquid and...
Persistent link: https://www.econbiz.de/10012253295
Cover Image
Micro-Level Estimation of Optimal Consumption Choice with Intertemporal Nonseparability in Preferences and Measurement Errors
Gayle, Wayne Roy - 2019
This paper investigates the presence of habit formation in household consumption, using data from the Panel Study of Income Dynamics. We develop an econometric model of internal habit formation of the multiplicative specification. The restrictions of the model allow for classical measurement...
Persistent link: https://www.econbiz.de/10012906215
Cover Image
A Dynamic Quantile Model for Distinguishing Intertemporal Substitution from Risk Aversion
de Castro, Luciano I.; Cundy, Lance D.; Galvao, Antonio F. - 2021
This paper uses a consumption-based dynamic quantile preference model to estimate the elasticity of intertemporal substitution (EIS) across different levels of risk attitude. In the quantile model, the risk attitude is captured by the quantile and is, therefore, separable from the EIS. This is...
Persistent link: https://www.econbiz.de/10013251933
Cover Image
Empirical evaluation of overspecified asset pricing models
Manresa, Elena; Peñaranda, Francisco; Sentana, Enrique - 2017
Persistent link: https://www.econbiz.de/10011686422
Cover Image
Empirical evaluation of overspecified asset pricing models
Manresa, Elena; Peñaranda, Francisco; Sentana, Enrique - 2017
Persistent link: https://www.econbiz.de/10011708502