Using a unique field experiment from Canada, we estimate individual preference over risk and time and show considerable …, quasi-hyperbolic discounting as well as subjective failure probability over future payments. We investigate the predictive …

Using a unique field experiment from Canada, we estimate individual preference over risk and time and show considerable …, quasi-hyperbolic discounting as well as subjective failure probability over future payments. We investigate the prediction …

/exponential discounting) when utility function is linear. DIU has several advantages over discounted utility (and its generalizations — quasi …-hyperbolic and generalized hyperbolic discounting): a) time preferences are continuous; b) utility does not increase when a larger …

uncertainty by a measure of confidence. Special cases of the model comprise discounting under smooth ambiguity aversion as well as … discounting under a disentanglement of risk aversion from aversion to intertemporal substitution. The paper characterizes the … of the Ramsey discounting formula that takes into account confidence into future growth estimates and a measure of …

. Yet, economic theory predicts that the scope for punishment as acting as a deterrent depends on how much individuals …

eighteen years, in an incentivized experiment. We relate experimental choices to field behavior. Experimental measures of …

eighteen years, in an incentivized experiment and relate experimental choices to field behavior. Experimental measures of …

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 … field experiment examines the extent to which this is the case. At different points in time, the same participants allocated …