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Using a representative sample of the German adult population, this paper investigates the extent to which a survey measure of present bias predicts present-biased choice behavior in incentive-compatible experiments and real-world outcomes related to in-vestments in financial assets and human...
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effects, these results can be solely attributed to present-biased discounting under the pay-later scheme. These results imply …
Persistent link: https://www.econbiz.de/10012313227
effects, these results can be solely attributed to present-biased discounting under the pay-later scheme. These results imply …
Persistent link: https://www.econbiz.de/10012405659
This study presents results of the validation of an ultra-short survey measure of patience included in the German Socio-Economic Panel (SOEP). Survey responses predict intertemporal choice behavior in incentive-compatible decisions in a representative sample of the German adult population.
Persistent link: https://www.econbiz.de/10010289369
Abstract This study presents results of the validation of an ultra-short survey measure of patience included in the German Socio-Economic Panel (SOEP). Survey responses predict intertemporal choice behavior in incentive-compatible decisions in a representative sample of the German adult population.
Persistent link: https://www.econbiz.de/10010322745
); Gneezy and Potters (1997) influences risk-taking and discounting behavior in future risky prospects with probabilistic …
Persistent link: https://www.econbiz.de/10015045949
decision errors can explain or be highly correlated with hyperbolic discounting and non-linear (inverse-S-shaped) probability … weighting. We find evidence that decision errors are strongly correlated with hyperbolic discounting but do not find that …
Persistent link: https://www.econbiz.de/10015045969
is known, however, about discounting when there are trade-offs between own and others' consumption. In this paper, we … provide a systematic analysis of present bias in individual and social contexts, as well as its stability across these two. In …
Persistent link: https://www.econbiz.de/10012029780
We investigate the presence and stability of dynamically inconsistent time preferences across contexts with and without …
Persistent link: https://www.econbiz.de/10012099067