Narrow search
Showing 1 - 10 of 47,703
Cover Image
Time Consistency: Stationarity and Time Invariance
Halevy, Yoram - Vancouver School of Economics - 2012
A sequence of experiments documents static and dynamic ``preference reversals'' between sooner-smaller and later-larger rewards, when the sooner reward could be immediate. The theoretically-motivated design permits separate identification of time-consistent, stationary and time-invariant...
Persistent link: https://www.econbiz.de/10011188091
Cover Image
"Pay-later" vs. "pay-as-you-go" : experimental evidence on present-biased overconsumption and the importance of timing
Werthschulte, Madeline - 2020
effects, these results can be solely attributed to present-biased discounting under the pay-later scheme. These results imply …
Persistent link: https://www.econbiz.de/10012312873
Cover Image
"Pay-later" vs. "pay-as-you-go" : experimental evidence on present-biased overconsumption and the importance of timing
Werthschulte, Madeline - 2020
effects, these results can be solely attributed to present-biased discounting under the pay-later scheme. These results imply …
Persistent link: https://www.econbiz.de/10012390729
Cover Image
Chapter 2. Rationality and Dynamic Consistency Under Risk and Uncertainty
Hammond, Peter J.; Zank, Horst - In: Handbook of the economics of risk and uncertainty : volume 1, (pp. 41-97). 2014
For choice with deterministic consequences, the standard rationality hypothesis is ordinality, i.e., maximization of a weak preference ordering. For choice under risk (resp. uncertainty), preferences are assumed to be represented by the objectively (resp. subjectively) expected value of a von...
Persistent link: https://www.econbiz.de/10014025530
Cover Image
Thinking about tomorrow? Predicting experimental choice behavior and life outcomes from a survey measure of present bias
Dovern-Pinger, Pia Rosina - 2017
Using a representative sample of the German adult population, this paper investigates the extent to which a survey measure of present bias predicts present-biased choice behavior in incentive-compatible experiments and real-world outcomes related to in-vestments in financial assets and human...
Persistent link: https://www.econbiz.de/10011748463
Cover Image
Thinking about tomorrow? : predicting experimental choice behavior and life outcomes from a survey measure of present bias
Pinger, Pia - 2017
Using a representative sample of the German adult population, this paper investigates the extent to which a survey measure of present bias predicts present-biased choice behavior in incentive-compatible experiments and real-world outcomes related to in-vestments in financial assets and human...
Persistent link: https://www.econbiz.de/10011747143
Cover Image
Anticipations and endogenous present bias
Galperti, Simone; Strulovici, Bruno - 2015
Persistent link: https://www.econbiz.de/10011545317
Cover Image
Anticipations and endogenous present bias
Galperti, Simone; Strulovici, Bruno - 2015 - Preliminary and incomplete
Persistent link: https://www.econbiz.de/10010498522
Cover Image
Hyperbolic discounting can be good for your health
Strulik, Holger; Trimborn, Timo - 2016
It has been argued that hyperbolic discounting of future gains and losses leads to time-inconsistent behavior and … future hyperbolically and make time-consistent decisions. This allows us to disentangle the role of discounting from the time … consistency issue. We show that hyperbolically discounting individuals, under a reasonable normalization, invest more in their …
Persistent link: https://www.econbiz.de/10011576335
Cover Image
Hyperbolic discounting can be good for your health
Strulik, Holger; Trimborn, Timo - 2018
It has been argued that hyperbolic discounting of future gains and losses leads to time-inconsistent behavior and … future hyperbolically and make time-consistent decisions. This allows us to disentangle the role of discounting from the time … consistency issue. We show that hyperbolically discounting individuals, under a reasonable normalization, invest more in their …
Persistent link: https://www.econbiz.de/10011782440