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Interpreting time horizon effects in inter-temporal choice
Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe - 2012
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/10010282129
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Interpreting Time Horizon Effects in Inter-Temporal Choice
Dohmen, Thomas; Falk, Armin; Huffman, David; Sunde, Uwe - Institute for the Study of Labor (IZA) - 2012
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/10009652536
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The relationship between economic preferences and psychological personality measures
Becker, Anke; Deckers, Thomas; Dohmen, Thomas; Falk, Armin - 2012
Although both economists and psychologists seek to identify determinants of heterogeneity in behavior, they use different concepts to capture them. In this review we first analyze the extent to which economic preferences and psychological concepts of personality - such as the Big Five and locus...
Persistent link: https://www.econbiz.de/10010282182
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Time Preferences and Criminal Behavior
Åkerlund, David; Golsteyn, Bart H. H.; Grönqvist, Hans; … - 2014
One main motive behind lengthy prison terms for serious crime is to deter potential offenders from engaging in crime. Yet, economic theory predicts that the scope for punishment as acting as a deterrent depends on how much individuals discount future events when balancing the immediate utility...
Persistent link: https://www.econbiz.de/10010377265
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The Effect of Language on Economic Behavior: Experimental Evidence from Children's Intertemporal Choices
Sutter, Matthias; Angerer, Silvia; Glätzle-Rützler, … - 2015
According to Chen's (2013) linguistic-savings hypothesis, languages which grammatically separate the future and the present (like English or Italian) induce less future-oriented behavior than languages in which speakers can refer to the future by using present tense (like German). We complement...
Persistent link: https://www.econbiz.de/10011401662
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Risk preferences are not time preferences: Comment
Cheung, Stephen L. - 2012
Andreoni and Sprenger (in press) report evidence that distinct utility functions govern choices under certainty and risk. I investigate the robustness of their result to the experimental design. I find that the effect disappears completely when a multiple price list is used instead of a convex...
Persistent link: https://www.econbiz.de/10010287584
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Time Preferences and Criminal Behavior
Akerlund, David; Golsteyn, Bart H.H.; Grönqvist, Hans; … - Institute for the Study of Labor (IZA) - 2014
One main motive behind lengthy prison terms for serious crime is to deter potential offenders from engaging in crime. Yet, economic theory predicts that the scope for punishment as acting as a deterrent depends on how much individuals discount future events when balancing the immediate utility...
Persistent link: https://www.econbiz.de/10010884153
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Risk Preferences Are Not Time Preferences: Comment
Cheung, Stephen L. - Institute for the Study of Labor (IZA) - 2012
Andreoni and Sprenger (in press) report evidence that distinct utility functions govern choices under certainty and risk. I investigate the robustness of their result to the experimental design. I find that the effect disappears completely when a multiple price list is used instead of a convex...
Persistent link: https://www.econbiz.de/10010717460
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Identification problems in personality psychology
Borghans, Lex; Golsteyn, Bart; Heckman, James J.; … - 2011
This paper discusses and illustrates identification problems in personality psychology. The measures used by psychologists to infer traits are based on behaviors, broadly defined. These behaviors are produced from multiple traits interacting with incentives in situations. In general, measures...
Persistent link: https://www.econbiz.de/10010278574
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Homophily and Transmission of Behavioral Traits in Social Networks
Bhargava, Palaash; Chen, Daniel L.; Sutter, Matthias; … - 2022
Social networks are a key factor of success in life, but they are also strongly segmented on gender, ethnicity, and other demographic characteristics (Jackson, 2010). We present novel evidence on an understudied source of homophily, namely behavioral traits. Behavioral traits are important...
Persistent link: https://www.econbiz.de/10014296584