run a lab experiment which mimics an energy consumption choice and randomizes the timing of when consumption costs are …

run a lab experiment which mimics an energy consumption choice and randomizes the timing of when consumption costs are …

confounding effects of time pressure, as proposed by dual-systems theory (Evans, 2006; Kahneman and Frederick, 2002). Results of …Time preferences drive decisions in many economic situations, such as investment contexts or salary negotiations. These … situations are characterized by a very short time frame for decision making. Preferences are potentially susceptible to the …

In this paper we formulate and investigate experimentally a model of how individuals choose between time sequences of … the economics domain. In the experiment we find that: 1) traditional economic models based on discounting alone cannot … association between 'irrational' choices. -- time preference ; time sequences ; negative discounting …

weighted temporal utility function can have time consistent yet non-stationary preferences or stationary yet time inconsistent … intertemporal choice that assume non-linear time perception to be the sole driver of non-stationary and time-inconsistent behavior …

People’s value for their own time is a key input in evaluating public policies: evaluations should account for time …-DeGroot-Marschak - BDM - mechanism of Becker et al., 1964) correctly measure participants' value of time. Using a structural model, we … cash either for time or for goods. Our model estimates suggest that valuing the time of the self-employed at 60% of the …

analogical model, cost of time, which is more familiar and therefore accessible to lay-people than the analogical model … superiority of A over H and E is robust, even when subjective time and money are modeled using Stevens power laws. However, the … small gains from using exponents for time and money, and the uncertainty in estimating optimal exponents, suggest no …

We study preferences over lotteries that pay a xed prize at an uncertain future date: what we call time lotteries. The … standard model of risk and time preferences, Expected Discounted Utility, implies that individuals must be risk seeking towards … contributions are theoretical. First, we show that risk aversion over time lotteries can be captured by a generalization of Expected …

profit is more likely to be deferred over time than a certain profit of the same value. On the other hand, the expected large …

study, I examine how introducing a time delay into the execution of an investment plan influences individuals' risk … preferences. The field experiment proceeded in three stages: a decision stage, an execution stage and a payout stage. At the …