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 …

been an open question. We conducted an experiment that explicitly distinguishes them, and confirmed the declining …

Standard economic models view risk taking and time discounting as two independent dimensions of decision makers …. There are striking parallels in patterns of risk taking and time discounting behavior, which suggests that there is a common …, hyperbolic discounting, subadditive discounting, the differential discounting of risky and certain outcomes, and the order …

enforcement, may be a source of hyperbolic discounting behavior. Based on an experiment with monetary incentives, we show that … hyperbolic discounting and subadditivity of discount factors. Moreover, our approach implies that higher uncertainty of future … people's risk taking behavior is indeed a significant determinant of their time discounting behavior: Greater departures from …

discounting is risk dependent. Here we show that the inherent uncertainty of future events conjointly with people’s proneness to …-dependent time discounting, preferences for late resolution of uncertainty, and several other puzzling interaction effects between … risk and time. -- Risk taking ; time discounting ; probability weighting ; decreasing impatience ; increasing risk …

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 …