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We introduce a modification of the discounted utility model that accounts for both habituation and satiation in … intertemporal choice. Habituation level and satiation level are state variables that induce changes in preferences as those states …
Persistent link: https://www.econbiz.de/10005053723
This paper presents empirical findings on gender differences in time preference and inconsistency based on international, high-level chess panel data with a large number of observations, including a control for ability. Due to the time constraint in chess, it is possible to study performance and...
Persistent link: https://www.econbiz.de/10011048070
Economists and psychologists have devised numerous instruments to measure time preferences and have generated a rich literature examining the extent to which time preferences predict important outcomes; however, we still do not know which measures work best. With the help of a large sample of...
Persistent link: https://www.econbiz.de/10011048090
This paper presents empirical findings on gender differences in time preference and inconsistency based on international, high-level chess panel data with a large number of observations, including a control for ability. Due to the time constraint in chess, it is possible to study performance and...
Persistent link: https://www.econbiz.de/10010611615
strength where the latter accounts for gender differences in productivity. Impatience is measured by considering preferences …. Moreover, the difference in impatience increases with expertise while the difference in inconsistency decreases. …
Persistent link: https://www.econbiz.de/10008465238
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