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来源类型Working Paper
规范类型报告
DOI10.3386/w25358
来源IDWorking Paper 25358
Intertemporal Choice
Keith Marzilli Ericson; David Laibson
发表日期2018-12-17
出版年2018
语种英语
摘要Intertemporal tradeoffs play a key role in many personal decisions and policy questions. We describe models of intertemporal choice, identify empirical regularities in choice, and pose new questions for research. The focus for intertemporal choice research is no longer whether the exponential discounted utility model is empirically accurate, but, instead, what models best explain the robust behavioral deviations we observe. We introduce the term “present-focused preferences” to describe the large class of models that prioritize present flows of experienced utility. Present-focused preferences need not coincide with a preference for commitment or dynamically inconsistent preferences. Present-bias is a special case of present-focused preferences.
主题Econometrics ; Experimental Design ; Microeconomics ; Households and Firms ; Welfare and Collective Choice ; Behavioral Economics
URLhttps://www.nber.org/papers/w25358
来源智库National Bureau of Economic Research (United States)
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资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/583032
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GB/T 7714
Keith Marzilli Ericson,David Laibson. Intertemporal Choice. 2018.
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