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On the benefits of time-inconsistent preferences

Journal of Economic Behavior & Organization, 2019
Why are time-inconsistent preferences widespread among decision makers? This paper provides a possible explanation by showing that time-inconsistent preferences could be beneficial for decision makers that work together. Time-inconsistent preferences – which are usually blamed for having detrimental effects – can thus be advantageous for the ...
openaire   +1 more source

Physical activity and time preference

International Journal of Health Economics and Management, 2015
This paper investigates the link between time preference (whether a person is more present or future oriented) and time spent participating in physical activity. Using data on time spent engaged in physical activity from the National Longitudinal Surveys of Youth 1979 cohort, 2006 wave, where time preference is proxied by the expected share of money ...
openaire   +2 more sources

The time-preference Nash solution [PDF]

open access: possible, 2001
We give an axiomatic characterization of the Time-Preference Nash Solution, a bargaining solution that is applied when the underlying preferences are defined over streams of physical outcomes. This bargaining solution is similar to the ordinal Nash solution introduced by Rubinstein, Safra, and Thomson (1992), but it gives a different prediction when ...
Nir Dagan, Oscar Volij, Eyal Winter
openaire   +2 more sources

Time Preference

The study of time preference is concerned with decisions involving benefits and costs at different points in time. Many of the most consequential choices over the life course have this feature. This article was written to provide a high-level, non-technical overview of both conceptual and practical issues that arise in the measurement of time ...
openaire   +3 more sources

Adolescent time and risk preferences: Measurement, determinants and field consequences

Journal of Economic Behavior and Organization, 2021
Anya Samek   +2 more
exaly  

Direct measures of time preference [PDF]

open access: possibleEconomic and Social Review, 2003
This work constitutes an attempt to estimate time preference factors in a direct way from survey data, without relying on consumption data and on particular estimation techniques. By using microeconomic data obtained from the Bank of Italy Survey of Household Income and Wealth (for the year 2000) and a simple second order Taylor expansion of a generic ...
openaire   +2 more sources

Planning for Retirement? The Importance of Time Preferences

Journal of Labor Research, 2019
R. Clark, R. Hammond, Christelle Khalaf
semanticscholar   +1 more source

Risk and time preferences interaction: An experimental measurement

Journal of Risk and Uncertainty, 2022
Jeeva Somasundaram
exaly  

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