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market. Even though we allow for a general-hyperbolic specification (which has exponential discounting as a special case … specification) of 8 %. -- present bias ; hyperbolic discounting ; discount rate ; hedonic estimation …
Persistent link: https://www.econbiz.de/10009310096
market. Even though we allow for a general- hyperbolic specification (which has exponential discounting as a special case …
Persistent link: https://www.econbiz.de/10013123551
market. Even though we allow for a general-hyperbolic specification (which has exponential discounting as a special case … specification) of 8 %. -- present bias ; hyperbolic discounting ; discount rate ; hedonic estimation …
Persistent link: https://www.econbiz.de/10009266765
market. Even though we allow for a general-hyperbolic specification (which has exponential discounting as a special case …
Persistent link: https://www.econbiz.de/10013315985
Persistent link: https://www.econbiz.de/10009310348
Persistent link: https://www.econbiz.de/10009719958
We develop a simple theoretical framework that identifies time preferences without relying on a particular utility function. Our empirical strategy requires observations about intertemporal consumption allocation decisions made under varying relative prices, and seeks to approximate the marginal...
Persistent link: https://www.econbiz.de/10011622504
This research project evaluates the extent of heterogeneity in time discounting among elderly Americans, as well as its … experiment, we show how differences in discounting patterns are associated with characteristics of particular importance in … elderly populations, such as serious health and mental conditions. We then relate our discounting measure to key outcome …
Persistent link: https://www.econbiz.de/10012854861
market. Even though we allow for ageneral-hyperbolic specification (which has exponential discounting as aspecial case), our …
Persistent link: https://www.econbiz.de/10010326398
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/10010355861