Reversal and magnitude effects in long-term time preferences: Results from a field experiment

We use a multiple price list approach with real payments to elicit long-term time preferences on a sample of French farmers. Elicited individual discount rates vary with the time delay, which supports the existence of a reversal effect in long-term time preferences, and increase with rewards, which contradicts the usual magnitude effect finding.

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Year of publication:	2013
Authors:	Bocquého, Géraldine ; Jacquet, Florence ; Reynaud, Arnaud
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 120.2013, 1, p. 108-111
Publisher:	Elsevier
Subject:	Time preferences \| Experimental economics \| Discounting \| Farmers \| France

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Type of publication:	Article
Classification:	C93 - Field Experiments ; D9 - Intertemporal Choice and Growth ; Q12 - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010665693