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Theoretical Frameworks for Neuroeconomics of Intertemporal Choice
Takahashi, Taiki - 2011
choice and time-perception (e.g. serotonin, dopamine, cortisol, testosterone, and epinephrine) is emphasized …
Persistent link: https://www.econbiz.de/10014180407
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Extended Present Bias : A Direct Experimental Test of the Hyperbolic Discounting Hypothesis
Chark, Robin; Chew, Soo Hong; Zhong, Songfa - 2013
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
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Time delay and investment decisions : evidence from an experiment in Tanzania
Nikolov, Plamen - 2019
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
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Risk aversion and the subjective time discount rate : a joint approach
Praag, Bernard M. S. van; Booij, Adam S. - 2003
estimate of risk aversion ? and the time preference discount rate ? perindividual. This can be done because the consumption of …, entrepreneurship and an obesity index. Very significant effects are found. If weexplain ? in a simple model where time discounting is …
Persistent link: https://www.econbiz.de/10011333268
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Risk aversion and the subjective time discount rate : a joint approach
Praag, Bernard M. S. van; Booij, Adam S. - 2003
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 … they are moderately negatively correlated. Furthermore we explain the estimated relative risk aversion and time preference …
Persistent link: https://www.econbiz.de/10011507761
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Risk Aversion and the Subjective Time Discount Rate : A Joint Approach
van Praag, B.M.S; Booij, Adam S. - 2021
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 … they are moderately negatively correlated. Furthermore we explain the estimated relative risk aversion and time preference …
Persistent link: https://www.econbiz.de/10013319984
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Sustainability traps: patience and innovation
Dioikitopoulos, Evangelos V.; Karydas, Christos - 2020
This paper argues that the joint relation between long-term orientation, environmental quality and innovation plays a key role in explaining environment-poverty traps. Based on empirical observations, we allow for the subjective discount rate to negatively depend on environmental quality in an...
Persistent link: https://www.econbiz.de/10012163107
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Risk aversion and the subjective time discount rate : a joint approach
Praag, Bernard M. S. van; Booij, Adam S. - 2003
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 … they are moderately negatively correlated. Furthermore we explain the estimated relative risk aversion and time preference …
Persistent link: https://www.econbiz.de/10001771963
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Be Patient When Measuring Hyperbolic Discounting : Stationarity, Time Consistency and Time Invariance in a Field Experiment
Janssens, Wendy - 2016
Most experimental evidence of hyperbolic discounting is based on violations of either stationarity or time consistency …. Stationarity is violated when intertemporal choices differ for trade-offs in the near versus the more distant future. Time … consistency on the other hand is violated if the optimal allocation for specific dates changes over time. Both types of choice …
Persistent link: https://www.econbiz.de/10013004064
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Preference for randomization : empirical and experimental evidence
Dwenger, Nadja; Kübler, Dorothea; Weizsäcker, Georg - 2013
We investigate violations of consequentialism in the form of the stochastic dominance property. The property is shared by many theories of choice and implies that the decision-maker prefers receiving the best outcome for sure over all lotteries that involve multiple outcomes. We run experiments...
Persistent link: https://www.econbiz.de/10009681824