Shaw, W. Douglass
[VerfasserIn]
;
Grijalva, Therese C.
[Sonstige Person, Familie und Körperschaft];
Lusk, Jayson L.
[Sonstige Person, Familie und Körperschaft];
Rong, Rong
[Sonstige Person, Familie und Körperschaft]
Does the Convex Time Budget Approach Lead to Evidence of Hyperbolic Discounting When the Time Horizon is Very Long?
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments October 9, 2014 erstellt
Beschreibung:
We employ the convex time budget approach in a laboratory experiment to measure individual discount rates for time horizons that are longer (5, 10, and 20 years) than what is typically explored in previous literature. We reject hyperbolic discounting in favor of constant discount rates and because of the long time horizon, the average discount rate of 1.9% is much lower than the rates typically found in empirical estimation of individual discount rates