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We study intertemporal choices through an experiment that elicits a subject's plan and then tracks its implementation over time. There are two main results. When facing a costly task to be completed under a deadline, two thirds of subjects prefer anticipating it rather than postponing it. Choice...
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We study intertemporal choices through an experiment that elicits a subject's plan and then tracks its implementation over time. There are two main results. When facing a costly task to be completed under a deadline, two thirds of subjects prefer anticipating it rather than postponing it. Choice...
Persistent link: https://www.econbiz.de/10014179096
Future events are uncertain by their very nature. Therefore, people's risk preferences are likely to play a role in the … people's risk taking behavior is indeed a significant determinant of their time discounting behavior: Greater departures from …
Persistent link: https://www.econbiz.de/10013159163
Despite the intuition that risk preferences affect intertemporal choice because the future is uncertain, time … that risk preferences are fully controlled for in the estimation of time discounting and no longer act as a confounder … despite accounting for the utility curvature—the established approach to control for risk preferences—about 43% of the …
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