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We study how the separation of time and risk preferences relates to a behavioral property that generalizes impatience …
Persistent link: https://www.econbiz.de/10012828827
We consider a model of intertemporal choice where time is a continuum, the set of instantaneous outcomes (e … of time. We assume the agent can form preferences over plans defined on open time intervals. We axiomatically …
Persistent link: https://www.econbiz.de/10012912953
This methodological survey reviews recent developments in the design of experiments to elicit individuals' time … preferences, with a focus on the measurement or control for potentially non-linear utility. While the objective of a time … assume an equivalence between utility under risk and over time, and whether they result in an estimate of the curvature of …
Persistent link: https://www.econbiz.de/10012993871
area below) the cumulative payoff function of X up till any moment of time is always at least as high as that of Y; or …
Persistent link: https://www.econbiz.de/10012994808
opportunity. Further, if her time preferences exhibit inter-temporal conflicts between future selves (e.g., hyperbolic discounting …We study a model of task completion with the opportunity to learn about own self-control problems over time. While the …-negative learning cost and spending one period. If the agent has time-consistent preferences, she always chooses to learn whenever the …
Persistent link: https://www.econbiz.de/10012118521
We investigate whether the value of time (VOT) depends on when the corresponding preferences are measured: in advance …, just before, or after the time period for which the time preferences are being evaluated. We find that the VOT is highest … when elicited just before the time period. This is an indication of the VOT being affected by time-inconsistent, and more …
Persistent link: https://www.econbiz.de/10012507266
-form analyses and model estimations. Based on a globally representative dataset on time preference in 76 countries, we document two …
Persistent link: https://www.econbiz.de/10012310848
over time. There are two main results. When facing a costly task to be completed under a deadline, two thirds of subjects …
Persistent link: https://www.econbiz.de/10011737091
which workers believe that they will not complete early in the future, e.g., reducing competition over time, increasing cost … over time, or even enforcing no work day tomorrow …
Persistent link: https://www.econbiz.de/10012935514
hyperbolic discounting into impatience and time-inconsistent discounting had the best fit. It is further revealed that obese … time-inconsistency nature of discounting and smoking and obesity …It is crucial to more thoroughly understand discounting behaviour because it has important implications for designing …
Persistent link: https://www.econbiz.de/10012968473