Search Results - subject_exact:"Intertemporal choice"

Digital financial literacy and hyperbolic discounting : evidence from Japanese investors

Shiiku, Asahi; Otchere-Appiah, Gideon; Khan, Mostafa … - 2026

This study investigates the relationship between digital financial literacy (DFL) and hyperbolic discounting among 104,993 active securities account holders in Japan. As digital financial services expand rapidly, individuals increasingly require not only traditional financial knowledge but also...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639085

Comment on “Mental accounts and consumption sensitivity across the distribution of liquid assets” by Graham and McDowall (2026)

Gimeno-Ribes, Jaime - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015655630

Framing effects in intertemporal choices : 3 two-step experiments

Faralla, Valeria; Migheli, Matteo; Novarese, Marco - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015399717

Present bias in renewable resource management and agent's welfare

Persichina, Marco - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014634870

Conventional or reverse magnitude effect for negative outcomes : a matter of framing

Breuer, Wolfgang; Soypak, Can K.; Steininger, Bertram I. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014535089

A proposal of concentration measures for discount functions

Cruz Rambaud, Salvador; Ortiz Fernández, Piedad; … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015133073

The effect of time ambiguity on choice depends on delay and amount magnitude

Ikink, Iris; Roelofs, Karin; Figner, Bernd - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014473505

Choice repetition bias in intertemporal choice : an eye-tracking study

Senftleben, Ulrike; Schoemann, Martin; Scherbaum, Stefan - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014536523

Commitment and the dynamics of household labour supply : new tests and evidence from Europe

Velilla, Jorge; Theloudis, Alexandros; Chiappori, … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015592011

History-dependent preferences : an axiomatic perspective

Dolgopolov, Arthur; Karos, Dominik; Lehrer, Ehud - 2026

This paper develops an axiomatic framework for decision making when preferences depend not only on the current alternative but also on the past frequency with which alternatives have been chosen. We identify key independence axioms that characterize frequency-dependent preferences. In addition,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015594797

Household preferences in an emerging economy : robust estimates of discount factor and coefficient of relative risk aversion for Pakistan

Ahmed, Waqas; Rehman, Muhammad; Iqbal, Javed; Sheraz, Sahar - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015586903

Preference-driven contract design : how education alters risk, patience, and effort in incentive schemes

Weikl, Jan - 2026

Performance-contingent pay raises productivity, yet in the German Socio-Economic Panel (SOEP) only about 16% of workers report receiving performance pay, with the incidence being roughly seven percentage points higher among university graduates than among non-graduates. This coexistence of low...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015590487

The global variation in risk and time preferences

Becker, Anke; Borner, Christina; Dohmen, Thomas; Falk, Armin - 2026

A growing body of empirical research has developed measures of economic preferences related to risk taking and intertemporal choice. This research has documented pronounced heterogeneity in preferences across and within societies, and also provided evidence that these differences are culturally...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015627692

Separating discounting from changing utility

Webb, Craig S. - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015638829

The association between time discounting, hyperbolic discounting, and inflation expectations : evidence from large-scale survey data

Ogura, Kota; Yamaguchi, Manaka; Aizawa, Sakiho; Khan, … - 2026

Inflation expectations play a central role in monetary policy effectiveness, yet relatively little is known about how individual behavioral traits shape expectation formation. This study examines whether time discounting and hyperbolic discounting, key dimensions of intertemporal preferences,...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015639017

Roles of parental risk and time preferences in parental investment and aspirations

Kilenthong, Weerachart T.; Sartja Duangchaiyoosook; … - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015641722

Does hyperbolic discounting mediate the association between financial literacy and investment in risky assets?

Khan, Mostafa Saidur Rahim; Kadoya, Yoshihiko - 2026

Investment in risky financial assets plays a crucial role in individual wealth accumulation and broader financial market development. However, existing research has primarily emphasized financial literacy while giving limited attention to behavioral mechanisms that may weaken its influence on...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015644250

Stick and stay, make it pay? : time preferences and marginal (dis)utility of relative concerns

Akay, Alpaslan; Kartal, Nur Banu - 2026

Individuals' preferences for immediate gratification versus their ability to postpone it, i.e., time preferences, might be related to their marginal utility or disutility stemming from an increase in the income of comparable others, i.e., relative concerns. We argue that while an increase in...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015647573

Procrastination and competition failure

Andre, Peter; Heidhues, Paul; Kőszegi, Botond; … - 2026

We develop a model of price competition with procrastinating consumers in which market discipline is supposed to arise from both the initial selection of providers and the possibility of switching providers. As in other theories, consumers may forego large gains by sticking with their initially...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015633926

Demand disagreement

Heyerdahl-Larsen, Christian; Illeditsch, Philipp - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015573684

Cashless payments and consumer spending

Brown, Martin; Nacht, Yves; Nellen, Thomas; Stix, Helmut - 2023 - This version: November 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014464492

Do short-term unconditional cash transfers change behaviour and preferences? : evidence from Indonesia

Al Izzati, Ridho; Suryadarma, Daniel; Suryahadi, Asep - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014323233

Replication report: concentration bias in intertemporal choice

Deer, Lachlan; Ellingsrud, Sigmund; Kordt, Amund H.; … - 2023

Dertwinkel-Kalt et al. (2022) examine the effect of concentration bias - the tendency to overweight advantages that are concentrated in time relative to costs that are spread over multiple time periods - on intertemporal choice in a laboratory experiment. In their preferred empirical...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014304059

Comparison-specific preferences : the attentional dilution effect for delay and risk

Read, Daniel; McDonald, Rebecca; Cubitt, Robin P. - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014442756

A naive justification of hyperbolic discounting from mental algebraic operations and functional analysis

Cruz Rambaud, Salvador; Hernandez-Perez, Jorge - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015125287

Innovation, market concentration, and inequality with endogenous time preferences

Davis, Colin R.; Zhao, Laixun - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015547196

Dynamic volunteer's dilemma with procrastinators

Shi, Yixuan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015375005

Show one more version 1

Dynamic Volunteer’s Dilemma with Procrastinators

Shi, Yixuan - 2022

Book / Working Paper

Risky intertemporal choices have a common value function, but a separate choice function

Fidanoski, Filip; Dixit, Vinayak; Ortmann, Andreas - 2025

Luckman et al. (2018) experimentally tested the conjecture that a single model of risky intertemporal choice can account for both risky and intertemporal choices, and under the conditions of their experiment, found evidence supporting it. Given the existing literature, that is a remarkable...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015272966

Dynamic economics with quantile preferences

Castro, Luciano I. de; Galvao, Antonio Fialho <Jr.>; … - 2025

This paper studies a dynamic quantile model for intertemporal decisions under uncertainty, in which the decision maker maximizes the τ-quantile of the stream of future utilities, for τ ∈ (0,1). We present two sets of contributions. First, we generalize existing results in directions that are...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015332600

Beyond present bias: exploring temporal smoothing biases

Drugeon, Jean-Pierre; Wigniolle, Bertrand - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015333208

Deriving values of the social rate of time preference

Parker, Chris - 2025

This report estimates the "social rate of time preference" (SRTP) for New Zealand public policy appraisal using a Ramsey equation. It uses the Weitzman (1998) method to derive a declining discount rate schedule of 2% (real) for years 1-30, 1.5% for years 31-100, and 1% for years 101 on. The...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015192267

On the (ir)relevance of discount factors for future allocations of scarce resources

Bonnisseau, Jean-Marc; Chateauneuf, Alain; Drugeon, … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015457893

Show one more version 1

On the (ir)relevance of discount factors for future allocations of scarce resources

Bonnisseau, Jean-Marc; Chateauneuf, Alain; Drugeon, … - 2025

Book / Working Paper

Present bias amplifies the household balance-sheet channels of macroeconomic policy

Maxted, Peter; Laibson, David I.; Moll, Benjamin - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015359032

Reassessing qualitative self-assessments and experimental validation

Chapman, Jonathan; Ortoleva, Pietro; Snowberg, Erik; … - 2025

Qualitative self-assessments of economic preferences have recently gained popularity, often supported by experimental validation, a method that links them to choices in incentivized elicitations. We illustrate theoretically that experimental validation may fail to produce reliable new measures....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015326176

Show one more version 1

Reassessing qualitative self-assessments and experimental validation

Chapman, Jonathan; Ortoleva, Pietro; Snowberg, Erik; … - 2025

Book / Working Paper

Can mothers' time preferences predict their children's educational outcomes?

Jeppsson, Louise; Norrgren, Lisa - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015394860

Dynamic self-control preferences and the behavior of the saving rate

Alonso-Carrera, Jaime; Bouché, Stéphane - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015394873

Elasticity of intertemporal substitution in the euro area

Marenc̆ák, Michal; Giang Hong Nghiem - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015463467

From me to we : beating procrastination in teams

Chakraborty, Anujit; Fenig, Guidon - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015464054

Sophistication drives higher growth than navïeté in the Ak model with hyperbolic discounting : An exhaustive numerical exploration

Gómez, Manuel A. - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015464630

Life-cycle dynamics of consumption preferences

Li, Xue; Zheng, Hantian - 2025

This study investigates the dynamic impact of population aging on consumption preferences in China, a critical area given consumption's role in global economic growth and the country's accelerating demographic shifts. Utilizing pooled panel data from the 2015, 2017, and 2019 China Household...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015467222

An incomplete multi-currency equilibrium model with heterogeneous time preferences and subjective beliefs

Mita, Daiya; Saito, Taiga; Takahashi, Akihiko - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015467232

Show one more version 1

An incomplete multi-currency equilibrium model with heterogeneous time preferences and subjective beliefs

Mita, Daiya; Saito, Taiga; Takahashi, Akihiko - 2025

Book / Working Paper

Present bias, risk management and capital structure

Pape, Jan - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015470239

Liquidity constraints, income variance, and buffer stock savings : experimental evidence

Duffy, John; Orland, Andreas - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015472979

Generalized disappointment aversion, rare disasters, and the term structure of real interest rates

Wang, Shanshan - 2025

This study models a representative agent with generalized disappointment aversion preferences in an endowment economy. This model addresses the average upward slope in U.S. real bond yields, equity premium puzzle, and equity volatility puzzle. We integrate a two-state Markov switching process...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015473116

Income Differentials & Rate of Time Preference : a Developing Country Perspective

Bhattacharjee, Ayona; Das, Mausumi; Jain, Mukta - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015474317

Indexical utility : another rationalization of exponential discounting

Spohn, Wolfgang - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015450283

Eliciting farmers' preferences for high-value crops in Bhutan : a discrete choice experiment

Burrone, Sara; Scognamillo, Antonio; Ignaciuk, Adriana M.; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015450555

Hysteresis in addictive consumption depends on time preferences

Dubois, Dimitri; Massin, Sophie; Nguyen-Van Phu; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015455116

Envy today, inequality tomorrow: how present bias shapes the wealth distribution

Borissov, Kirill; Pakhnin, Mikhail; Wendner, Ronald - 2025

We study the effects of envy (relative consumption concerns), drawing on evidence that preferences typically exhibit present bias. We employ a Ramseytype model with agents who differ in initial capital endowments and account for present-biased envy: agents are naive and care about how their...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015405352

Do households substitute intertemporally? : 10 structural shocks that suggest not

Crawley, Edmund - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015406715