| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21095 |
| 来源ID | Working Paper 21095 |
| Delay Functions as the Foundation of Time Preference: Testing for Separable Discounted Utility | |
| Keith Marzilli Ericson; Jawwad Noor | |
| 发表日期 | 2015-04-20 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | Delay functions, which vary timing of rewards but fix the money dimension, can elicit the form of discount functions with minimal assumptions. We present a general theorem that characterizes the set of discount functions and utility indices compatible with any 'regular' preference. We provide conditions to test for separable discounted utility (SDU). We elicit individual delay functions for a range of amounts and time horizons. When we impose SDU assumptions, we classify more than half our analysis sample as exponential discounters. However, we reject SDU assumptions for 68% of the sample in favor of magnitude-dependent discounting with time distortion. |
| 主题 | Microeconomics ; Behavioral Economics |
| URL | https://www.nber.org/papers/w21095 |
| 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/578770 |
| 推荐引用方式 GB/T 7714 | Keith Marzilli Ericson,Jawwad Noor. Delay Functions as the Foundation of Time Preference: Testing for Separable Discounted Utility. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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