Measuring Discounting without Measuring Utility

• 成果类型: Article
• 署名作者: Attema, Arthur E.; Bleichrodt, Han; Gao, Yu; Huang, Zhenxing; Wakker, Peter P.
• 署名单位: Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; Polytechnic University of Milan; Shanghai University of Finance & Economics
• 刊物名称: AMERICAN ECONOMIC REVIEW
• ISSN/ISSBN: 0002-8282
• DOI: 10.1257/aer.20150208
• 发表日期: 2016
• 页码: 1476-1494
• 关键词: time-preferences; intertemporal choice; risk preferences; inconsistency; SEQUENCES; valuation; FUTURE; HEALTH

摘要

We introduce a new method to measure the temporal discounting of money. Unlike preceding methods, our method requires neither knowledge nor measurement of utility. It is easier to implement, clearer to subjects, and requires fewer measurements than existing methods.