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Present equivalents of future payouts elicited from individuals exhibit a high variability in the underlying discount rate, suggesting that multiple factors influence discounting. One such factor --- shown to be robust --- is the magnitude effect, whereby small future payouts are discounted more...
Persistent link: https://www.econbiz.de/10012837104
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This paper estimates time preference parameters using commonly-applied methodologies, with the aim of investigating the link between these measures and actual economic behaviour. An experiment was conducted in the city of Thies, in Senegal, using the unique reference numbers of banknotes as a...
Persistent link: https://www.econbiz.de/10012967127
Persistent link: https://www.econbiz.de/10009613327
This paper estimates time preference parameters using commonly-applied methodologies, with the aim of investigating the link between these measures and actual economic behaviour. An experiment was conducted in the city of Thies, in Senegal, using the unique reference numbers of banknotes as a...
Persistent link: https://www.econbiz.de/10012961781
We analyze experimental evidence on whether untrained subjects can predict how trustworthy an individual is. Two players on a TV show play a high stakes prisoner's dilemma with pre-play communication. Our subjects report probabilistic beliefs that each player cooperates, before and after...
Persistent link: https://www.econbiz.de/10014213778
In an environment that features second-degree price discrimination, this paper fully characterizes the set of surplus divisions that can arise from all possible information consumers have about their valuation. By extending the techniques developed in a companion paper (Yang, 2019a), I show that...
Persistent link: https://www.econbiz.de/10012894284
Persistent link: https://www.econbiz.de/10010408873
A growing number of empirical studies have aimed to identify dynamic inconsistency by combining diverse sets of elicitation designs and tested the extent to which this important component of individual heterogeneity predicts behavior; however, relatively little consensus on which designs are the...
Persistent link: https://www.econbiz.de/10013014927