Showing 1 - 10 of 239
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
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
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
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
present bias and exponential discounting predicts best, especially when both parameters are used …
Persistent link: https://www.econbiz.de/10013122971
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
characteristics that affect hiring. The method is applied to actual data and assessed using Monte Carlo methods …
Persistent link: https://www.econbiz.de/10013136716
method, and illustrate it with modern data on economics. Of 450 genuinely world-leading journal articles, the UK produced 10 …
Persistent link: https://www.econbiz.de/10013157743
measure of, a nation's 'world-leading research'? Following a variant of a method developed in Oswald (2010), I examine …
Persistent link: https://www.econbiz.de/10013028160