| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16348 |
| 来源ID | Working Paper 16348 |
| Risk Preferences Are Not Time Preferences: Discounted Expected Utility with a Disproportionate Preference for Certainty | |
| James Andreoni; Charles Sprenger | |
| 发表日期 | 2010-09-09 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | Risk and time are intertwined. The present is known while the future is inherently risky. Discounted expected utility provides a simple, coherent structure for analyzing decisions in intertemporal, uncertain environments. However, we document robust violations of discounted expected utility, inconsistent with both prospect theory probability weighting and models with preferences for the resolution of uncertainty. We find that we can organize our data with surprising precision if we allow for a disproportionate preference for certainty. These results have potentially important implications for understanding dynamically inconsistent preferences. |
| 主题 | Microeconomics ; Economics of Information ; Behavioral Economics |
| URL | https://www.nber.org/papers/w16348 |
| 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/574023 |
| 推荐引用方式 GB/T 7714 | James Andreoni,Charles Sprenger. Risk Preferences Are Not Time Preferences: Discounted Expected Utility with a Disproportionate Preference for Certainty. 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 | ||
| w16348.pdf（396KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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