| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15688 |
| DP15688 Individual Discount Rates: A Meta-Analysis of Experimental Evidence | |
| Jindrich Matousek; Tomas Havranek; Zuzana Irsova | |
| 发表日期 | 2021-01-20 |
| 出版年 | 2021 |
| 语种 | 英语 |
| 摘要 | A key parameter estimated by lab and field experiments in economics is the individual discount rate--and the results vary widely. We examine the extent to which this variance can be attributed to observable differences in methods, subject pools, and potential publication bias. To address the model uncertainty inherent to such an exercise, we employ Bayesian and frequentist model averaging. We obtain evidence consistent with publication bias against unintuitive results. The corrected mean annual discount rate is 0.33. Our findings also suggest that discount rates are independent across domains: people tend to be less patient when health is at stake compared to money. Negative framing is associated with more patience. Finally, the results of lab and field experiments differ systematically, and it also matters whether the experiment relies on students or uses broader samples of the population. |
| 主题 | Financial Economics |
| 关键词 | Discount rate Experiment Publication bias Meta-analysis Bayesian model averaging Frequentist model averaging |
| URL | https://cepr.org/publications/dp15688 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544697 |
| 推荐引用方式 GB/T 7714 | Jindrich Matousek,Tomas Havranek,Zuzana Irsova. DP15688 Individual Discount Rates: A Meta-Analysis of Experimental Evidence. 2021. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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