scholarly journals Intertemporal stability of survey‐based measures of risk and time preferences

2021 ◽  
Author(s):  
Andreas C. Drichoutis ◽  
Achilleas Vassilopoulos
Keyword(s):  
Time Preferences ◽  
Measures Of Risk

scholarly journals Estimating Time Preferences from Convex Budgets

2012 ◽  
Vol 102 (7) ◽  
pp. 3333-3356 ◽  
Author(s):  
James Andreoni ◽  
Charles Sprenger
Keyword(s):  
Decision Making ◽  
Risk Aversion ◽  
Utility Function ◽  
Time Preferences ◽  
Economic Decision ◽  
Economic Decision Making ◽  
Measures Of Risk ◽  
High Utility ◽  
The Cost ◽  
Allocation Decisions

Experimentally elicited discount rates are frequently higher than what seems reasonable for economic decision-making. Such high rates are often attributed to present-biased discounting. A well-known bias of standard measurements is the assumption of linear consumption utility. Attempting to correct this bias using measures of risk aversion to identify concavity, researchers find reasonable discounting but at the cost of exceptionally high utility function curvature. We present a new methodology for identifying time preferences, both discounting and curvature, from simple allocation decisions. We find reasonable levels of both discounting and curvature and, surprisingly, dynamically consistent time preferences. (JEL C91, D12, D81)

Query Theory and Time Preferences

2005 ◽  
Author(s):  
Kerry Milch ◽  
Hannah Chang ◽  
Elke Weber ◽  
Jeff Brodscholl ◽  
Dan Goldstein ◽  
...  
Keyword(s):  
Time Preferences

Experimente und forstökonomische Fragen

2012 ◽  
Vol 163 (10) ◽  
pp. 417-421
Author(s):  
Urs Fischbacher
Keyword(s):  
Public Goods ◽  
Experimental Method ◽  
Forest Product ◽  
Time Preferences ◽  
Economic Research ◽  
Timber Production ◽  
Markets And Institutions ◽  
Experimental Findings ◽  
Forest Economic

Experiments and forest economic questions During the last decades experiments have gained great importance in economics. These experiments deal with questions that are of significance for forest economic research, too. Timber production, for example, is characterised by long-term decisions and, in addition, forestry produces important public goods. In this article the experimental method is introduced. Furthermore, experimental findings are presented, e.g., concerning time preferences and externalities, and possible applications for the study of forest product markets and institutions are outlined.

Measuring Time Preferences in Large Surveys

2019 ◽  
Author(s):  
Michael M. Bechtel ◽  
Amalie Sofie Jensen ◽  
Kenneth F. Scheve
Keyword(s):  
Time Preferences ◽  
Measuring Time
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