| 来源类型 | FEEM working papers "Note di lavoro" series
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| 规范类型 | 论文
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| Can Hypothetical Time Discounting Rates Predict Actual Behaviour: Evidence from a Randomized Experiment |
| Jacopo Bonan; Philippe LeMay-Boucher; Douglas Scott
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| 发表日期 | 2016
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| 出处 | Mitigation, Innovation and Transformation Pathways
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| 出版年 | 2016
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| 语种 | 英语
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| 摘要 | 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 means of determining an individual’s willingness to save money. The findings of this experiment provide an innovative comparison between real choices, and choices made in the presence of hypothetical rewards. Our research indicates that individuals display a far greater degree of patience, when the possibility of genuine financial gain is made available to them. Our results show that hypothetical time preferences parameters are poor predictors of actual behaviour, prompting questions over the validity of commonly used measurements.
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Suggested citation: Bonan, J., P. LeMay-Boucher, D. Scott, (2016), 'Can Hypothetical Time Discounting Rates Predict Actual Behaviour: Evidence from a Randomized Experiment', Nota di Lavoro 74.2016, Milan, Italy: Fondazione Eni Enrico Mattei |
| 特色分类 | D01;D91;C93;O1
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| 关键词 | Time Preferences
Randomized Experiment
Senegal
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| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/can-hypothetical-time-discounting-rates-predict-actual-behaviour-evidence-from-a-randomized-experiment/
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| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/118445
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推荐引用方式
GB/T 7714 |
Jacopo Bonan,Philippe LeMay-Boucher,Douglas Scott. Can Hypothetical Time Discounting Rates Predict Actual Behaviour: Evidence from a Randomized Experiment. 2016.
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