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including future bias in addition to present bias. In particular, the experiment (1) runs a non-parametric test of time …) the result suggests that many subjects exhibiting future bias, indicating an inverse S-curve time discount function …
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In this paper, we develop a revealed preference methodology that allows us to explore whether time inconsistencies in household choice are the product of individual preference nonstationarities or the result of individual heterogeneity and renegotiation within the collective unit. An empirical...
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In economic discussions, currency board systems are frequently described as arrangements with self-binding character to the monetary authorities by their strict rules and establishments by law. Hard pegs and especially currency boards are often seen as remedies to overcome economic and financial...
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present bias and naivety in the under-utilization of this preventive health care. Our results show evidence for both present … bias and naivety"--National Bureau of Economic Research web site …
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show that this time consistency problem leads to a systematic downward bias in fertility choices. By keeping fertility low …, families try to mitigate the ex-ante undesired shift in the power balance. This bias in fertility choices provides scope for … overcome the fertility bias. -- fertility ; family policy ; household allocation …
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