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will act in a time-consistent fashion. When time-inconsistent players incur immediate bargaining costs to produce delayed … whether they engage in repeated time-inconsistent bargaining. A naïve player who engages in time-inconsistent bargaining will … suffer welfare losses. We show that time-inconsistent bargaining can also create spillover welfare losses for other players …
Persistent link: https://www.econbiz.de/10014422534
that can be detected using response time data. Our characterization generalizes various results in the literature, helps to …
Persistent link: https://www.econbiz.de/10015051642
profit is more likely to be deferred over time than a certain profit of the same value. On the other hand, the expected large …
Persistent link: https://www.econbiz.de/10012821522
Visual Continuous Time Preferences (VCTP) is a new tool for measuring time preferences that synthesizes the simplicity … of Multiple Price List (MPL) and the precision of Convex Time Budget (CTB) tasks. We evaluate this tool in the field, in … quality of results. We partially replicate results of the laboratory experiment since subjects answer the task rapidly and …
Persistent link: https://www.econbiz.de/10015399323
We propose a novel way of measuring trust in institutions, which draws on the experimental method used to elicit time …
Persistent link: https://www.econbiz.de/10014496994
Many risk and time elicitation designs rely on choice lists that aim to capture a switch point. A choice list for a …
Persistent link: https://www.econbiz.de/10014575257
The experiments designed to estimate real-life discount rates in intertemporal choice often rely on ordered choice lists, where the list by design aims to capture a switch point between near- and far-future alternatives. Structural models like a Samuelson discounted utility model are often...
Persistent link: https://www.econbiz.de/10014575294
week or month per round of disagreement, with or without front-end delay). Our treatments induce different time preferences …
Persistent link: https://www.econbiz.de/10014279476
weighting functions for the risky prospects placed 6 and 12 months into the future. The experiment is used to test whether …
Persistent link: https://www.econbiz.de/10014581476
We portray the valuation of retirement savings in terms of a mental time travel journey in which a proposed …
Persistent link: https://www.econbiz.de/10012798695