Measuring time preferences: A comparison of experimental methods

被引：113

作者：

Andreoni, James ^{[1
]}

Kuhn, Michael A. ^{[2
]}

Sprenger, Charles ^{[3
]}

机构：

[1] Univ Calif San Diego, Dept Econ, La Jolla, CA 92093 USA

[2] Univ Oregon, Dept Econ, Eugene, OR 97403 USA

[3] Univ Calif San Diego, Rady Sch Management, La Jolla, CA 92093 USA

来源：

JOURNAL OF ECONOMIC BEHAVIOR & ORGANIZATION | 2015年 / 116卷

基金：

美国国家科学基金会;

关键词：

Discounting; Dynamic inconsistency; Curvature; Convex budgets; INDIVIDUAL DISCOUNT RATES; RISK-AVERSION; LIFE-CYCLE; CONSUMPTION; SAVINGS; UTILITY;

D O I：

10.1016/j.jebo.2015.05.018

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Eliciting time preferences has become an important component of both laboratory and field experiments, yet there is no consensus as how to best measure discounting. We examine the predictive validity of two recent, simple, easily administered, and individually successful elicitation tools: convex time budgets (CTB) and double multiple price lists (DMPL). Using similar methods, the CTB and DMPL are compared using within: and out-of-sample predictions. While each perform equally well within sample, the CTB significantly outperforms the DMPL on out-of-sample measures. (C) 2015 Elsevier B.V. All rights reserved.

引用

页码：451 / 464

页数：14

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