Search Results - subject:": time preference"

Dynamic Volunteer’s Dilemma with Procrastinators

Shi, Yixuan - 2022

We study a dynamic volunteering dilemma game in which two players choose to volunteer or wait given there have not been any volunteering actions in the past. The players can be procrastinators and the benefits of volunteering arrive later than the costs. We fully characterise the stationary...

Persistent link: https://www.econbiz.de/10014240724

Trust and Time Preference : Measuring a Causal Effect in a Random-Assignment Experiment

Nasvytis, Linas - 2022

of patience, also known as time preference in the economics literature. Following Gabaix and Laibson (2017), we first … argue that time preference can be modelled as optimal Bayesian inference based on noisy signals about the future, so that it … preference is tested experimentally using the Trust Game. While the paper does not find a significant effect of trust on time …

Persistent link: https://www.econbiz.de/10014240730

You Will Receive Your Money Next Week! Experimental Evidence on the Role of Future-Time Reference for Intertemporal Decision-Making

Ziemann, Niklas - 2022

Against the background of the increasingly discussed “Linguistic Saving Hypothesis” (Chen, 2013), I studied whether the targeted use of a present tense (close tense) and a future tense (distant tense) within the same language have an impact on intertemporal decision-making. In a monetarily...

Persistent link: https://www.econbiz.de/10014241594

Is Patience Malleable Via Educational Intervention? Evidence from Field Experiments

Kaiser, Tim; Menkhoff, Lukas; Oberrauch, Luis - 2022

We study the malleability of patience via educational interventions by aggregating evidence from earlier experiments in a meta-analysis and by conducting a field experiment. We find that the average effect of interventions on patience is positive but uncertain. The age of students explains a...

Persistent link: https://www.econbiz.de/10014241993

The Effects of Health Shocks on Time Spent in Home Production

Chopra, Suchika - 2022

In this paper, I examine the causal impact of health shocks on time spent in home production among retirees using the Health and Retirement Study data. On the one hand, an increase in home production can shelter consumption from falling net income due to medical costs increase (income effect)....

Persistent link: https://www.econbiz.de/10014242072

Household disability and time preferences : evidence from incentivized experiments in Vietnam

Rink, Ute; Rollwage, Theresa - 2022

This paper investigates individual time preferences between individuals living in a disability household and those who live in a non-disability household in Vietnam. Using randomized primes together with experimental tasks to elicit time preferences, our empirical results show that individuals...

Persistent link: https://www.econbiz.de/10014428194

Intertemporal Dependence, Impatience, and Dynamics

Obstfeld, Maurice - 2022

individual rate of time preference. The optimal consumption responses to transitory and anticipated changes in incomes and … constant time preference. Intuitive explanations of the first-order conditions describing optimal paths are provided …

Persistent link: https://www.econbiz.de/10013324474

COVID‐19 crisis : are preferences and trading behavior affected during extreme events?

Goossens, Jorgo; Knoef, Marike - 2022

Persistent link: https://www.econbiz.de/10013329312

Can estimated risk and time preferences explain real‐life financial choices?

Goossens, Jorgo; Knoef, Marike; Ponds, Eduard - 2022

Persistent link: https://www.econbiz.de/10013329314

Weighting the waiting : intertemporal social preferences

Rohde, Kirsten I. M.; Exel, Job van; Hulsen, Merel A. J. van - 2022

This paper studies intertemporal social preferences. We introduce intertemporal dictator and ultimatum games where players decide on the timing of monetary payoffs. The setting is twodimensional rather than one-dimensional, in the sense that inequalities can arise in the time as well as in the...

Persistent link: https://www.econbiz.de/10013162492