کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
7242700 | 1471622 | 2018 | 39 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Individual preferences and the exponential growth bias
ترجمه فارسی عنوان
ترجیحات فردی و تعصب رشد نمایشی
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
The exponential growth bias (EGB) refers to individuals' underestimation of the effects of exponential growth and has been shown to affect important financial decisions such as retirement savings. We develop and test a novel experimental design to evaluate the magnitude of the EGB based on multiple price lists. Our design simultaneously elicits the EGB as well as subjects' utility curvatures and time preferences. Allowing for non-linear utility, we structurally estimate the magnitude of the EGB as about half as large as when linear utility is assumed. These results shed light on the relationship between individual preferences and the EGB.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 145, January 2018, Pages 352-369
Journal: Journal of Economic Behavior & Organization - Volume 145, January 2018, Pages 352-369
نویسندگان
C. Königsheim, M. Lukas, M. Nöth,