Arbeitspapier
Time discounting: Declining impatience and interval effect
Most studies have not distinguished delay from intervals, so that whether the declining impatience really holds has been an open question. We conducted an experiment that explicitly distinguishes them, and confirmed the declining impatience. This implies that people make dynamically inconsistent plans. We also found the interval effect that the per-period time discount rate decreases with prolonged intervals. We show that the interval and the magnitude effects are caused, at least partially, because subjects' choices are influenced by the differential in reward amount, while Weber's law solves neither the delay nor the interval effects.
- Sprache
-
Englisch
- Erschienen in
-
Series: ISER Discussion Paper ; No. 679
- Klassifikation
-
Wirtschaft
Criteria for Decision-Making under Risk and Uncertainty
Micro-Based Behavioral Economics: General‡
- Thema
-
time discount rate
declining impatience
interval effect
subadditivity
Weber's law
Zeitpräferenz
Abzinsung
Entscheidung
Test
Japan
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Kinari, Yusuke
Ohtake, Fumio
Tsutsui, Yoshiro
- Ereignis
-
Veröffentlichung
- (wer)
-
Osaka University, Institute of Social and Economic Research (ISER)
- (wo)
-
Osaka
- (wann)
-
2007
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Kinari, Yusuke
- Ohtake, Fumio
- Tsutsui, Yoshiro
- Osaka University, Institute of Social and Economic Research (ISER)
Entstanden
- 2007
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