期刊
EXPERIMENTAL ECONOMICS
卷 23, 期 2, 页码 493-525出版社
SPRINGER
DOI: 10.1007/s10683-019-09621-2
关键词
Time preference; Measurement of utility; Discounted utility; Choice list
类别
This paper examines the effects of alternative assumptions regarding the curvature of utility upon estimated discount rates in experimental data. To do so, it introduces a novel design to elicit time preference building upon a translation of the Holt and Laury method for risk. The results demonstrate that utility elicited directly from choice over time is significantly concave, but far closer to linear than utility elicited under risk. As a result, the effect of adjusting discount rates for this curvature is modest compared to assuming linear utility, and considerably less than when utility from a risk preference task is imposed.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据