Similar Search Results

Eliciting time preferences when income and consumption vary: theory, validation & application to job search

Belot, Michèle; Kircher, Philipp; Muller, Paul - 2021

We propose a simple method for eliciting individual time preferences without estimating utility functions even in settings where background consumption changes over time. It relies on lottery tickets with high rewards. In a standard intertemporal choice model high rewards decouple lottery...

Persistent link: https://www.econbiz.de/10012431219

Time Discounting in the Presence of Time Constraints

Takeuchi, Makito - 2016

This study explores the intertemporal choice of goods with a limited time to enjoy it. Compared to previous research showing that time preferences in intertemporal decisions have a decreasing hyperbolic function, we investigate time preferences when there are time constraints, or expirations, to...

Persistent link: https://www.econbiz.de/10012995620

Elicitation Designs and Time Discounting : Comparison of Predictive Power on Behavior

Hanaoka, Chie - 2015

A growing number of empirical studies have aimed to identify dynamic inconsistency by combining diverse sets of elicitation designs and tested the extent to which this important component of individual heterogeneity predicts behavior; however, relatively little consensus on which designs are the...

Persistent link: https://www.econbiz.de/10013014927

Does the Convex Time Budget Approach Lead to Evidence of Hyperbolic Discounting When the Time Horizon is Very Long?

Shaw, W. Douglass - 2014

discounting in favor of constant discount rates and because of the long time horizon, the average discount rate of 1.9% is much …

Persistent link: https://www.econbiz.de/10013045145

Adriani, Fabrizio; Sonderegger, Silvia - 2019

We use a simple cost-benefit analysis to derive optimal similarity judgments - addressing the question: when should we expect a decision maker to distinguish between different time periods or different prizes? Our key premise is that cognitive resources are costly and are to be deployed only...

Persistent link: https://www.econbiz.de/10012058613

Can Hypothetical Time Discounting Rates Predict Actual Behaviour : Evidence from a Randomized Experiment

Bonan, Jacopo - 2017

This paper estimates time preference parameters using commonly-applied methodologies, with the aim of investigating the link between these measures and actual economic behaviour. An experiment was conducted in the city of Thies, in Senegal, using the unique reference numbers of banknotes as a...

Persistent link: https://www.econbiz.de/10012967127

How General are Time Preferences? Eliciting Good-Specific Discount Rates

Ubfal, Diego - 2012

corresponding demand for commitment can be observed even if individuals do not exhibit horizon-specific discounting. In addition …, good-specific discounting, under certain conditions, can explain the persistence of poverty and low savings by the poor …

Persistent link: https://www.econbiz.de/10013099793

Once Upon a Time Preference - How Rationality and Risk Aversion Change the Rationale for Discounting

Traeger, Christian - 2012

) actions, the more weight they receive. If uncertainty is endogenous to the decision process, the new rationale for discounting …

Persistent link: https://www.econbiz.de/10013107349

How general are time preferences? : eliciting good-specific discount rates

Ubfal, Diego - 2012

Persistent link: https://www.econbiz.de/10009575093

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