| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16347 |
| 来源ID | Working Paper 16347 |
| Estimating Time Preferences from Convex Budgets | |
| James Andreoni; Charles Sprenger | |
| 发表日期 | 2010-09-09 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Experimentally elicited discount rates are frequently higher than what one would infer from market interest rates and seem unreasonable for economic decision-making. Such high rates have often been attributed to present bias and hyperbolic discounting. A commonly recognized bias of standard elicitation techniques is the use of linear preferences for identification. When attempts are made to correct this bias with additional experimental measures, researchers find exceptional degrees of utility function curvature. We present a new methodology for identifying time preferences, both discounting and utility function curvature, from simple allocation decisions. We estimate annual discount rates substantially lower than normally obtained, dynamically consistent discounting, and limited though significant utility function curvature. |
| 主题 | Microeconomics ; Economics of Information ; Behavioral Economics |
| URL | https://www.nber.org/papers/w16347 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/574022 |
| 推荐引用方式 GB/T 7714 | James Andreoni,Charles Sprenger. Estimating Time Preferences from Convex Budgets. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16347.pdf（903KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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