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, entrepreneurship and an obesity index. Very significant effects are found. If weexplain ? in a simple model where time discounting is … estimate of risk aversion ? and the time preference discount rate ? perindividual. This can be done because the consumption of …
Persistent link: https://www.econbiz.de/10011333268
risk aversion in a simple model where time discounting is ignored, we find completely different estimates for this … estimate of risk aversion and the time preference discount rate per individual. This can be done because the consumption of a … large prize is smoothed over a larger time period. It is found that both parameters strongly vary over individuals, while …
Persistent link: https://www.econbiz.de/10011507761
Standard consumption utility is linked in time to a consumption event, whereas the timing of prosocial utility flows is …-offs, existing models of other-regarding preferences abstract from the time signature of utility flows, limiting their explanatory … scope. Building on a canonical intertemporal choice framework, we characterize the behavioral implications of the time …
Persistent link: https://www.econbiz.de/10013250248
risk aversion in a simple model where time discounting is ignored, we find completely different estimates for this … estimate of risk aversion and the time preference discount rate per individual. This can be done because the consumption of a … large prize is smoothed over a larger time period. It is found that both parameters strongly vary over individuals, while …
Persistent link: https://www.econbiz.de/10013319984
Standard consumption utility is linked in time to a consumption event, whereas the timing of prosocial utility flows is …-offs, existing models of other-regarding preferences abstract from the time signature of utility flows, limiting their explanatory … scope. Building on a canonical intertemporal choice framework, we characterize the behavioral implications of the time …
Persistent link: https://www.econbiz.de/10012419311
risk aversion in a simple model where time discounting is ignored, we find completely different estimates for this … estimate of risk aversion and the time preference discount rate per individual. This can be done because the consumption of a … large prize is smoothed over a larger time period. It is found that both parameters strongly vary over individuals, while …
Persistent link: https://www.econbiz.de/10001771963
: excessively optimistic beliefs about future demands on an individual's time. The models can be distinguished by how individuals …
Persistent link: https://www.econbiz.de/10012193799
Persistent link: https://www.econbiz.de/10010527047
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 …
Persistent link: https://www.econbiz.de/10011580855
-period time discount rate decreases with prolonged intervals. We show that the interval and the magnitude effects are caused, at … neither the delay nor the interval effects. -- time discount rate ; declining impatience ; interval effect ; subadditivity …
Persistent link: https://www.econbiz.de/10003407379