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consistent with hyperbolic discounting. Discount rates are similar for money and health questions, but people tend to be less … continents. Finally, the results of lab and field experiments differ systematically, and it also matters whether the experiment …
Persistent link: https://www.econbiz.de/10012126703
substantially across studies with reported mean at the value of 0.4. We detect presence of selective reporting in the discounting … literature using a meta-analytical methods. Our results suggest that relevant discounting literature overestimates the discount … effect of time horizon presented within the discounting task. Our results support the external validity of experiments …
Persistent link: https://www.econbiz.de/10011949719
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In the workhorse  model of welfare economics, the elasticity of marginal utility, often denoted as η, serves simultaneously to represent aversion to risk, aversion to spatial inequality, and preferences for intertemporal substitution.  While Kreps-Porteus-Selden and Epstein-Zin preferences...
Persistent link: https://www.econbiz.de/10005047845
(SHARE), we elicit individual time preferences using competing discounting specifications. With the formulation that best …
Persistent link: https://www.econbiz.de/10013415755
Intertemporal tradeoffs play a key role in many personal decisions and policy questions. We describe models of intertemporal choice, identify empirical regularities in choice, and pose new questions for research. The focus for intertemporal choice research is no longer whether the exponential...
Persistent link: https://www.econbiz.de/10014023383
arithmetic discounting are all highly multicolinear in commonly used research designs. This confounding means that if one model …
Persistent link: https://www.econbiz.de/10013141127
link between these measures and actual economic behaviour. An experiment was conducted in the city of Thies, in Senegal … findings of this experiment provide an innovative comparison between real choices, and choices made in the presence of …
Persistent link: https://www.econbiz.de/10012967127
attributed to non-stationary discounting. We solve this problem introducing the discounted Luce rule. It retains the flexibility …-hyperbolic discounting. Lastly, we discuss an extension of the model to recursive stochastic choices with the present bias. …
Persistent link: https://www.econbiz.de/10011705551