Showing 1 - 10 of 2,019
corresponding demand for commitment can be observed even if individuals do not exhibit horizon-specific discounting. In addition …, good-specific discounting, under certain conditions, can explain the persistence of poverty and low savings by the poor …
Persistent link: https://www.econbiz.de/10013099793
it is quite under-explored in the economics domain. We find that: 1) traditional economic models based on discounting … is allowed; 2) our model, despite considering only a specific (exponential) form of discounting, can explain the data …' around the basic predictions of discounting theories: the deviations are not random and there are clear systematic patterns …
Persistent link: https://www.econbiz.de/10012780545
We study whether and how parents interfere paternalistically in their children's intertemporal decision-making. Based on experiments with over 2,000 members of 610 families, we find that parents anticipate their children's present bias and aim to mitigate it. Using a novel method to measure...
Persistent link: https://www.econbiz.de/10013250780
market. Even though we allow for a general-hyperbolic specification (which has exponential discounting as a special case …
Persistent link: https://www.econbiz.de/10013122960
We compare different designs that have been used to test for an impact of time horizon on discounting, using real … declining (hyperbolic) discounting, but with other designs find constant or increasing discounting. As a whole, the data are not … consistent with any of these usual candidate discounting assumptions, and they also imply a violation of transitivity. The …
Persistent link: https://www.econbiz.de/10013109435
(SHARE), we elicit individual time preferences using competing discounting specifications. With the formulation that best …
Persistent link: https://www.econbiz.de/10014236507
Some individuals borrow extensively on their credit cards. This paper tests whether present-biased time preferences correlate with credit card borrowing. In a field study, we elicit individual time preferences with incentivized choice experiments, and match resulting time preference measures to...
Persistent link: https://www.econbiz.de/10013134641
In this paper we study the link between women's responsibility for children and their preferences. We use a large random sample of individuals living in rural India, incentive compatible measures of patience and risk aversion, and detailed survey data. We find more patient choices among women...
Persistent link: https://www.econbiz.de/10013158525
-hyperbolic discounting. However, the hyperbolic model predicts that credit constraints drive the decline, and we find only mixed evidence in …
Persistent link: https://www.econbiz.de/10013318839
We present the results of a randomized intervention to study how teaching financial literacy to 16-year old high-school students affects their behavior in risk and time preference tasks. Compared to two different control treatments, we find that teaching financial literacy makes subjects behave...
Persistent link: https://www.econbiz.de/10014350813