Similar Search Results

Kiessling, Lukas; Chowdhury, Shyamal K.; … - 2021

We study whether and how parents interfere paternalistically in their children's intertemporal decision-making. Based on experiments with over 2,000 members of 610 families, we find that parents anticipate their children's present bias and aim to mitigate it. Using a novel method to measure...

Persistent link: https://www.econbiz.de/10012403892

Meta-analysis of present-bias estimation using convex time budgets

Imai, Taisuke; Rutter, Tom; Camerer, Colin - 2019

We examine 220 estimates of the present-bias parameter from 28 articles using the Convex Time Budget protocol. The literature shows that people are on average present biased, but the estimates exhibit substantial heterogeneity across studies. There is evidence of modest selective reporting in...

Persistent link: https://www.econbiz.de/10012064418

Meta-analysis of present-bias estimation using convex time budgets

Imai, Taisuke; Rutter, Tom; Camerer, Colin - 2019

Persistent link: https://www.econbiz.de/10012120276

Time Discounting and Economic Decision-Making Among the Elderly

Huffman, David - 2020

This research project evaluates the extent of heterogeneity in time discounting among elderly Americans, as well as its … experiment, we show how differences in discounting patterns are associated with characteristics of particular importance in … elderly populations, such as serious health and mental conditions. We then relate our discounting measure to key outcome …

Persistent link: https://www.econbiz.de/10012854861

Subsidizing health-conscious behavior now or later

Danilowicz-Gösele, Kamila; Schwager, Robert - 2016

choice. These rates differ because of two countervailing effects: (1) the individual applies quasi-hyperbolic discounting to …

Persistent link: https://www.econbiz.de/10011420788

How Real People Make Long-Term Decisions : The Case of Retirement Preparation

Binswanger, Johannes - 2009

A canonical but untested assumption in economics is that choices are determined only by preferences and budget constraints, but not by how people approach decision making. In particular, it is believed that people behave “as if they optimized”, even if they do not engage in any formal...

Persistent link: https://www.econbiz.de/10013156332

Misunderestimation : Exponential-Growth Bias and Time-Varying Returns

Levy, Matthew - 2015

Exponential-growth bias is the tendency to neglect the compounding of interest. The economics literature has used the fact that a biased agent in many circumstances will underestimate the value of assets that grow according to compound interest. We show that the opposite can also be true. It is...

Persistent link: https://www.econbiz.de/10013019372

Do Preferences and Biases Predict Life Outcomes? Evidence from Education and Labor Market Entry Decisions

Backes-Gellner, Uschi - 2018

Evidence suggests that acquiring human capital is related to better life outcomes, yet young peoples' decisions to invest in or stop acquiring human capital are still poorly understood. We investigate the role of time and reference-dependent preferences in such decisions. Using a data set that...

Persistent link: https://www.econbiz.de/10012924444

Do Preferences and Biases Predict Life Outcomes? Evidence from Education and Labor Market Entry Decisions

Backes-Gellner, Uschi - 2018

Persistent link: https://www.econbiz.de/10012929071

Exponential-Growth Bias and Lifecycle Consumption

Levy, Matthew - 2015

Exponential-growth bias (EGB) is the tendency for individuals to partially neglect compounding of exponential growth. We develop a model wherein biased agents misperceive the intertemporal budget constraint, and derive conditions for overconsumption and dynamic inconsistency. We construct an...

Persistent link: https://www.econbiz.de/10013036519

1
2
3
4
5
6
7
8
9
10
Next
Last