کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5072409 1373504 2010 19 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Present-bias, quasi-hyperbolic discounting, and fixed costs
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Present-bias, quasi-hyperbolic discounting, and fixed costs
چکیده انگلیسی
We find that discount rates are high and decline with both delay and amount, as most of the previous literature. We also find clear evidence for present bias. When identifying the form of the present bias, little evidence for quasi-hyperbolic discounting is found. The data strongly favor instead a specification with a small present bias in the form of a fixed cost, of the order of $4 on average across subjects. With such a fixed cost the curvature of discounting is imprecisely estimated and both exponential and hyperbolic discounting cannot be rejected for several subjects.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Games and Economic Behavior - Volume 69, Issue 2, July 2010, Pages 205-223
نویسندگان
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