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Most evidence of hyperbolic discounting is based on violations of either stationarity or time consistency as observed … discounting is a plausible explanation for choice reversals only if violations of stationarity and time consistency overlap. Our … conclude that when incomes fluctuate, one can only identify hyperbolic discounting by eliciting violations of both stationarity …
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individuals. Using choice tasks responses from Poland collected as part of the Survey of Health, Ageing, and Retirement in Europe … (SHARE), we elicit individual time preferences using competing discounting specifications. With the formulation that best …
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run a lab experiment which mimics an energy consumption choice and randomizes the timing of when consumption costs are … 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
run a lab experiment which mimics an energy consumption choice and randomizes the timing of when consumption costs are … 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
Analysis of an original nationwide Internet survey reveals that health-related behavior shows associations with three … aspects of time discounting: (i) impatience, measured by the overall discount rate; (ii) present bias, measured by the degree … are indicative of being a time-inconsistent procrastinator, and classified as sophisticated otherwise. The health …
Persistent link: https://www.econbiz.de/10009791179
It has been argued that hyperbolic discounting of future gains and losses leads to time-inconsistent behavior and … thereby, in the context of health economics, not enough investment in health and too much indulgence of unhealthy consumption … future hyperbolically and make time-consistent decisions. This allows us to disentangle the role of discounting from the time …
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