Similar Search Results

Do preferences and biases predict life outcomes? : evidence from education and labor market entry decisions

Backes-Gellner, Uschi; Herz, Holger; Kosfeld, Michael; … - 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/10011789211

Do preferences and biases predict life outcomes? : evidence from education and labor market entry decisions

Backes-Gellner, Uschi; Herz, Holger; Kosfeld, Michael; … - 2018

Persistent link: https://www.econbiz.de/10011795216

Empirical identification of time preferences : theory and an illustration using convex time budgets

Bommier, Antoine; Lanz, Bruno - 2017 - This version: December 2017

We develop a simple theoretical framework that identifies time preferences without relying on a particular utility function. Our empirical strategy requires observations about intertemporal consumption allocation decisions made under varying relative prices, and seeks to approximate the marginal...

Persistent link: https://www.econbiz.de/10011622504

Time-inconsistent bargaining and cross-commitments

Utset, Manuel A. - In: Games 14 (2023) 3, pp. 1-21

The paper studies bargaining games involving players with present-biased preferences. The paper shows that the relative timing of bargaining rewards and bargaining costs will determine whether the players' present-bias will affect bargaining outcomes. In cases where players agree to a bargain in...

Persistent link: https://www.econbiz.de/10014422534

Time Compression

Aadland, David; Shaffer, Sherrill - 2012

Economists have generally ignored the notion that perceived time may differ from clock time. Borrowing from the behavioral psychology literature, we investigate the case of time compression whereby perceived time passes more quickly than actual time. A framework is presented to embed time...

Persistent link: https://www.econbiz.de/10014168836

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

Binswanger, Johannes - 2010

Large variations in retirement wealth are common, with some households accumulating hundreds of thousands of dollars and others accumulating next to nothing. We examine to what extent formal planning or simple rules of thumb contribute to these differences in wealth accumulation. In particular,...

Persistent link: https://www.econbiz.de/10013142149

Smoking Today and Stopping Tomorrow : A Limited Foresight Perspective

Jehiel, Philippe - 2010

This article considers an intertemporal decision problem in which the agent has limited foresight. It offers an interpretation of why people may smoke when they are young - as a result of having a short horizon of foresight - and refrain from smoking when they get older - as a result of having...

Persistent link: https://www.econbiz.de/10013142919

Validating an ultra-short survey measure of patience

Vischer, Thomas; Dohmen, Thomas; Falk, Armin; Huffman, David - 2013

This study presents results of the validation of an ultra-short survey measure of patience included in the German Socio-Economic Panel (SOEP). Survey responses predict intertemporal choice behavior in incentive-compatible decisions in a representative sample of the German adult population.

Persistent link: https://www.econbiz.de/10009787974

Micro-and macroeconomic implications of heterogeneity in the production of human capital

Polachek, Solomon W.; Das, Tirthatanmoy; … - In: Journal of political economy 123 (2015) 6, pp. 1410-1455

Persistent link: https://www.econbiz.de/10011429922

Fetal Origins – A Life Cycle Model of Health and Aging from Conception to Death

Dalgaard, Carl‐Johan - 2020

by the fetal origins hypothesis. We argue that while the conventional health capital model is irreconcilable with fetal … origins of late-in-life health outcomes, the more recent health deﬁcit model can generate shock ampliﬁcation consistent with … the hypothesis. In order to discuss human health over the life cycle from conception to death, we develop a theory of …

Persistent link: https://www.econbiz.de/10012825277