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Individual discount rates : a meta-analysis of experimental evidence
Matousek, Jindrich; Havránek, Tomáš; Havránková, Zuzana - 2019
consistent with hyperbolic discounting. Discount rates are similar for money and health questions, but people tend to be less … continents. Finally, the results of lab and field experiments differ systematically, and it also matters whether the experiment …
Persistent link: https://www.econbiz.de/10012126703
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Individual discount rates : a meta-analysis of the experimental evidence
Matousek, Jindrich - 2018
substantially across studies with reported mean at the value of 0.4. We detect presence of selective reporting in the discounting … literature using a meta-analytical methods. Our results suggest that relevant discounting literature overestimates the discount … effect of time horizon presented within the discounting task. Our results support the external validity of experiments …
Persistent link: https://www.econbiz.de/10011949719
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Individual Discount Rates: A Meta-Analysis of Experimental Evidence
Matousek, Jindrich; Havranek, Tomas; Irsova, Zuzana - 2019
consistent with hyperbolic discounting. Discount rates are similar for money and health questions, but people tend to be less … continents. Finally, the results of lab and field experiments differ systematically, and it also matters whether the experiment …
Persistent link: https://www.econbiz.de/10011988654
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Individual discount rates : a meta-analysis of experimental evidence
Matousek, Jindrich; Havránek, Tomáš; Havránková, Zuzana - 2021
Persistent link: https://www.econbiz.de/10012417660
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Individual discount rates : a meta-analysis of experimental evidence
Matousek, Jindrich; Havránek, Tomáš; Havránková, Zuzana - In: Experimental economics : a journal of the Economic … 25 (2022) 1, pp. 318-358
Persistent link: https://www.econbiz.de/10012817414
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Habit formation in consumption : a meta-analysis
Havránek, Tomáš; Rusnak, Marek; Sokolova, Anna - 2015
We examine 567 estimates of habit formation from 69 studies published in peer-reviewed journals. In contrast to previous results for most fields of empirical economics, we find no publication bias in the literature. The median estimated strength of habit formation equals 0.4, but the estimates...
Persistent link: https://www.econbiz.de/10011284220
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People are less risk-averse than economists think
Elminejad, Ali; Havránek, Tomáš; Havránková, Zuzana - 2022
We collect 1,021 estimates from 92 studies that use the consumption Euler equation to measure relative risk aversion and that disentangle it from intertemporal substitution. We show that calibrations of risk aversion are typically larger than estimates thereof. Moreover, reported estimates are...
Persistent link: https://www.econbiz.de/10013270908
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A meta-analysis of the Frisch extensive margin elasticity
Elminejad, Ali; Havránek, Tomáš; Horváth, Roman - 2020
A key parameter in structural models is the Frisch elasticity of labor supply at the extensive margin, but empirical estimates vary greatly. We provide a quantitative synthesis of the literature. To this end, we collect 723 estimates from 36 studies along with 22 explanatory variables reflecting...
Persistent link: https://www.econbiz.de/10012289655
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Measuring the income elasticity of water demand : the importance of publication and endogeneity bias
Havránek, Tomáš; Havránková, Zuzana; Vlach, Tomas - 2017
We present the first meta-analysis of the income elasticity of water demand that accounts for the effects of publication selection (the preferential reporting of estimates that are intuitive and statistically significant). Paradoxically, more affected by publication selection are the otherwise...
Persistent link: https://www.econbiz.de/10011587787
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Estimating the Armington elasticity : the importance of data choice and publication bias
Bajzik, Josef; Havránek, Tomáš; Havránková, Zuzana; … - 2019
A key parameter in international economics is the elasticity of substitution between domestic and foreign goods, also called the Armington elasticity. Yet estimates vary widely. We collect 3,524 reported estimates of the elasticity, construct 34 variables that reflect the context in which...
Persistent link: https://www.econbiz.de/10012030102