DeJarnette, Patrick; Dillenberger, David; Gottlieb, Daniel - In: Econometrica 88 (2020) 2, pp. 619-656
We study preferences over lotteries in which both the prize and the payment date are uncertain. In particular, atime lotteryis one in which the prize is fixed but the date is random. With Expected Discounted Utility, individuals must be riskseekingover time lotteries (RSTL). In an incentivized...