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times are influenced by their expected income levels at those times. Moreover, we recover time preferences after …
Persistent link: https://www.econbiz.de/10010403760
time and risk attitudes. It is shown that Loewenstein-Prelec's generalized hyperbolic temporal discount function … laws of time-perception …
Persistent link: https://www.econbiz.de/10013087110
. Yet, economic theory predicts that the scope for punishment as acting as a deterrent depends on how much individuals … criminals have short time horizons, then it is hard to imagine punishment acting as a key deterrent. This paper provides the … first empirical investigation of the link between time preferences and criminal behavior. Our study is made possible by …
Persistent link: https://www.econbiz.de/10013053536
and in the field in order to make inferences about individual time preferences. This paper considers an integrated model … the relationship between experimentally elicited MRS and time preferences is not straightforward. However, measured MRS …
Persistent link: https://www.econbiz.de/10013055596
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
-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/10013189598
-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
choice and time-perception (e.g. serotonin, dopamine, cortisol, testosterone, and epinephrine) is emphasized …
Persistent link: https://www.econbiz.de/10014180407
In accounting for the phenomenon of present bias, the hyperbolic discounting and quasi-hyperbolic discounting models have distinct predictions beyond today. We provide experimental evidence supporting diminishing rate of discounting beyond present period under careful experimental controls. In...
Persistent link: https://www.econbiz.de/10014186935
study, I examine how introducing a time delay into the execution of an investment plan influences individuals' risk …
Persistent link: https://www.econbiz.de/10012118320