Similar Search Results

Risk Preferences are Not Time Preferences : Discounted Expected Utility with a Disproportionate Preference for Certainty

Andreoni, James - 2010

robust violations of discounted expected utility, inconsistent with both prospect theory probability weighting and models …

Persistent link: https://www.econbiz.de/10013138320

Money Earlier or Later? Simple Heuristics Explain Intertemporal Choices Better than Delay Discounting

Ericson, Keith M. Marzilli - 2015

, which can account for many of the known intertemporal choice anomalies, to discounting models. We conduct an out …-of-sample, cross-validated comparison of intertemporal choice models. Heuristic models outperform traditional utility discounting … models, including models of exponential and hyperbolic discounting. The best performing models predict choices by using a …

Persistent link: https://www.econbiz.de/10013028066

Gender Differences in Risk Aversion and Ambiguity Aversion

Borghans, Lex - 2010

This paper demonstrates gender differences in risk aversion and ambiguity aversion. It also contributes to a growing literature relating economic preference parameters to psychological measures by asking whether variations in preference parameters among persons, and in particular across genders,...

Persistent link: https://www.econbiz.de/10012757873

Estimating Time Preferences from Convex Budgets

Andreoni, James - 2010

discounting. A commonly recognized bias of standard elicitation techniques is the use of linear preferences for identification … utility function curvature. We present a new methodology for identifying time preferences, both discounting and utility … obtained, dynamically consistent discounting, and limited though significant utility function curvature …

Persistent link: https://www.econbiz.de/10013138321

Discounting Under Disagreement

Heal, Geoffrey - 2013

A group of agents disagree about the appropriate inter temporal preferences to use when exploiting a common productive resource. They thus delegate decision making to a social planner who allocates consumption efficiently across heterogeneous individuals and over time. We define `policy...

Persistent link: https://www.econbiz.de/10013082765

Hyperbolic Discounting of Public Goods

Viscusi, W. Kip; Huber, Joel - 2021

thereafter, which is inconsistent with exponential discounting but consistent with hyperbolic discounting. The implied marginal … rate of time preference declines and then rises. Estimates of the quasi-hyperbolic discounting parameter range from 0.48 to …

Persistent link: https://www.econbiz.de/10013247670

Discount Rates

Cochrane, John H. - 2011

, including portfolio theory, accounting, cost of capital, capital structure, compensation, and macroeconomics …

Persistent link: https://www.econbiz.de/10013126211

Individual Time Preferences and Energy Efficiency

Newell, Richard G. - 2015

We examine the role of individual discount rates in energy efficiency decisions using evidence from an extensive survey of U.S. homeowners to elicit preferences for energy efficiency and cash flows over time. We find considerable heterogeneity in individual discount rates. We also find that...

Persistent link: https://www.econbiz.de/10013027278

Individual Laboratory-Measured Discount Rates Predict Field Behavior

Chabris, Christopher F. - 2010

We estimate discount rates of 555 subjects using a laboratory task and find that these individual discount rates predict inter-individual variation in field behaviors (e.g., exercise, BMI, smoking). The correlation between the discount rate and each field behavior is small: none exceeds 0.28 and...

Persistent link: https://www.econbiz.de/10012758495

Saving and Dissaving with Hyperbolic Discounting

Cao, Dan Vu - 2018

Is the standard hyperbolic-discounting model capable of robust qualitative predictions for savings behavior? Despite …

Persistent link: https://www.econbiz.de/10012929001