Diecidue, Enrico; Hardardottir, Hjördis; Islam, Marco - 2023
Despite the intuition that risk preferences affect intertemporal choice because the future is uncertain, time … that risk preferences are fully controlled for in the estimation of time discounting and no longer act as a confounder … despite accounting for the utility curvature—the established approach to control for risk preferences—about 43% of the …