The Relation between Behavior under Risk and over Time

被引:16
作者
Chakraborty, Anujit [1 ]
Halevy, Yoram [2 ]
Saito, Kota [3 ]
机构
[1] Univ Calif Davis, Davis, CA 95616 USA
[2] Univ Toronto, Dept Econ, Toronto, ON, Canada
[3] CALTECH, Pasadena, CA 91125 USA
关键词
DIMINISHING IMPATIENCE; UNCERTAINTY; CERTAINTY; DECISION; CHOICE; IMMEDIACY; STROTZ; ALLAIS; DELAY;
D O I
10.1257/aeri.20190051
中图分类号
F [经济];
学科分类号
02 ;
摘要
The paper establishes a tight relation between-nonstandard behaviors in the domains of risk and time, by considering a decision-maker with-non-expected utility preferences who believes that only present consumption is certain while any future consumption is uncertain. We provide the first complete characterizations of the-two-way relations between the certainty effect and -present bias, and between the-common ratio effect and temporal reversals.
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页码:1 / 16
页数:16
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