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Risk Preferences Are Not Time Preferences: Comment
intertemporal choice risk and certainty convex time budget multiple price list
2012/10/23
Andreoni and Sprenger (in press) report evidence that distinct utility functions govern choices under certainty and risk. I investigate the robustness of their result to the experimental design. I fin...
How General Are Time Preferences? Eliciting Good-Specific Discount Rates
time preferences self-control problems good-specific discounting savings poverty traps
2012/10/23
This paper tests the broadly adopted assumption that people apply a single discount rate to the utility from different sources of consumption. Using unique data from two surveys conducted in rural Uga...