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Estimating Intertemporal Preferences for Natural Resource Allocation
American Journal of Agricultural Economics, 2005In this article, we show how the degree of risk aversion, discounting, and preference for intertemporal substitution for a natural resource manager can be structurally estimated within a recursive utility framework. We focus on the management of a reservoir in California, and test the data for consistency with a recursive utility model specification ...
Howitt, Richard +3 more
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Social Status and Intertemporal Preferences
SSRN Electronic Journal, 2009The field of household finance has established a correlation between savings behavior and education, income, and race. This is partly explained by a high discount rate ultimately leading to low social status. This paper establishes causation in the opposite direction, with a relatively low social status position leading to a relatively high discount ...
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Asset Allocation Is Intertemporal Preference
2018Asset allocation is an exercise in subjective intertemporal preference. Saving and investing demand that we understand this preference, our liquidity needs, and the macroeconomic and institutional context we live in. But we have simply lost that understanding and instead follow regulations. Under the current paradigm, for instance, expected returns are
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On the recoverability of intertemporal preferences
Economics Letters, 1980Abstract In the absence of futures markets, a consumer's complete set of intertemporal demand functions may not be revealed. Under mild regularity conditions, the multiperiod utility function that generates the observable demand functions is shown to be unique in the class of additively separable and stationary functions.
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The health consequences of intertemporal preferences
2017Intertemporal tradeoffs, the conflict between current and future costs and benefits, lie at the core of health decisions. An extensive literature on time discounting has documented the widespread tendency to place a lower value on distant outcomes and to favor benefits in the moment.
Oleg Urminsky, Gal Zauberman
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Optimal Growth with Intertemporally Dependent Preferences
The Review of Economic Studies, 1973Ryder, Harl E. jun., Heal, Geoffrey M.
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Optimal Saving Programs under Intertemporally Dependent Preferences
International Economic Review, 1970openaire +1 more source
, 2010 Eliciting Risk, Intertemporal Substitution, and Time Preferences
SSRN Electronic Journal, 2020Luciano I. de Castro +3 more
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On intertemporal preferences in continuous time
Journal of Mathematical Economics, 1992Ayman Hindy, Chi-fu Huang, David Kreps
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