Time preferences and consumer behavior

被引：80

作者：

Bradford, David ^{[1
]}

Courtemanche, Charles ^{[2
,3
]}

Heutel, Garth ^{[2
,3
,4
]}

McAlvanah, Patrick ^{[5
]}

Ruhm, Christopher ^{[3
,6
]}

机构：

[1] Univ Georgia, Athens, GA 30602 USA

[2] Georgia State Univ, Atlanta, GA 30303 USA

[3] NBER, Cambridge, MA 02138 USA

[4] Georgia State Univ, Dept Econ, Atlanta, GA 30302 USA

[5] Fed Trade Commiss, Washington, DC 20580 USA

[6] Univ Virginia, Charlottesville, VA USA

来源：

JOURNAL OF RISK AND UNCERTAINTY | 2017年 / 55卷 / 2-3期

关键词：

Time preferences; Time-inconsistency; Health; Energy; Risk and time; Discounting; Present bias; EMPIRICAL-EVIDENCE; ENERGY EFFICIENCY; HEALTH; RISK; INCONSISTENCY; POPULATION; DECISIONS; OUTCOMES; FUTURE;

D O I：

10.1007/s11166-018-9272-8

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We investigate the predictive power of survey-elicited time preferences. The discount factor elicited from choice experiments using real payments predicts various health, energy, and financial outcomes, including overall self-reported health, smoking, installing energy-efficient lighting, and credit card balance. Allowing for time-inconsistent preferences, both the long-run and present-bias discount factors (delta and beta) are also significantly associated in the expected direction with several outcomes. We consider several hypotheses regarding the strength of the association between discount factors and outcomes, such as salience of the outcome or liquidity constraints.

引用

页码：119 / 145

页数：27

共 45 条

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