S Meier… - American Economic Journal: Applied …, 2010 - ingentaconnect.com
Abstract: Some individuals borrow extensively on their credit cards. This paper tests whether
present-biased time preferences correlate with credit card borrowing. In a field study, we
elicit individual time preferences with incentivized choice experiments, and match ...
S Meier, C Sprenger… - 2007 - papers.ssrn.com
Abstract: This paper tests whether heterogeneity of time preferences can explain individual
credit behavior. In a field experiment targeting individuals from low-to-moderate income
households, we measure individual time preferences through choice experiments, and ...
Experimentally elicited discount rates are frequently higher than what one would infer from
market interest rates and seem unreasonable for economic decision-making. Such high
rates have often been attributed to present bias and hyperbolic discounting. A commonly ...
In personal finance, as in other areas of decision-making, information is thought to be a
good thing. Financially literate individuals make fewer mistakes and are in better financial
condition than financial illiterates (for surveys, see Lusardi and Mitchell, 2007; Bernanke, ...
S Meier… - FRB of Boston Public Policy Discussion …, 2007 - papers.ssrn.com
Abstract: As financial literacy has been shown to correlate with good financial decisions,
policymakers promote educational programs to improve individuals' financial decisions. But
who selects into educational programs and who acquires information about personal ...
J Andreoni… - V De'cember 2009b. manuscript, 2010 - econ.ucsd.edu
Abstract Risk and time are intertwined. The present is known while the future is inherently
risky. This is problematic when studying time preferences since uncontrolled risk can
generate apparently present-biased behavior. We systematically manipulate risk in an ...
C Sprenger, J Stavins… - 2008 - papers.ssrn.com
Abstract: Approximately half of credit card holders in the United States regularly carry unpaid
credit card debt. These so-called" revolvers" exhibit payment behavior that differs from that of
those who repay their entire credit card balance every month. Previous literature has ...
Abstract: Individuals frequently face intertemporal decisions. For the purposes of economic
analysis, the preference parameters assumed to govern these decisions are generally
considered to be stable economic primitives. However, evidence on the stability of time ...
T Desmond… - Communities and Banking, 2007 - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to view
it first. Information about this may be contained in the File-Format links below. In case of further
problems read the IDEAS help page. Note that these files are not on the IDEAS site. ...
S Meier… - Unpublished manuscript, 2008 - ftc.gov
Abstract Some individuals borrow extensively on their credit cards. This paper tests whether
present-biased preferences, that is a disproportionate preference for immediate
consumption, can explain differences in credit card borrowing. In a field study, we elicit ...
C Sprenger - Science, 2010 - econ.ucsb.edu
Abstract The endowment effect has been widely documented. Recent models of reference-
dependent preferences indicate that expectations play a prominent role in the presence of
the phenomenon. A subset of such expectations-based models predicts an endowment ...
Abstract: Some individuals borrow extensively on their credit cards. This paper tests whether
present-biased time preferences correlate with credit card borrowing. In a field study, we
elicit individual time preferences with incentivized choice experiments, and match ...
Risk and time are intertwined. The present is known while the future is inherently risky.
Discounted expected utility provides a simple, coherent structure for analyzing decisions in
intertemporal, uncertain environments. However, we document robust violations of ...
J Andreoni… - Levine's Working Paper Archive, 2010 - Citeseer
Abstract In the study of decision making under risk, preferences are assumed to be
continuous. We present a model of discontinuous preferences over certain and uncertain
outcomes. Using existing parameter estimates for certain and uncertain utility, five ...
M Benton, S Meier… - … Reserve Bank of Boston, Public and …, 2007 - bos.frb.org
Abstract: The US household carries over $7,500 in uncollateralized debt and likely saves at
a negative rate. There is a growing body of evidence that this borrowing and saving
behavior may not, as assumed by standard economics, be the product of rational financial ...
Abstract Prior empirical analyses of credit default demonstrate the importance of policy-
driven differences in costs and benefits. However, little is known about individual
determinants of default within a given institutional setting. Theoretically the defaulting ...
Abstract We re-introduce an experimental device, the uncertainty equivalent, that provides a
direct test of the independence axiom's critical implication of linearityin-probability. In a
within-subject experiment with both uncertainty and certainty equivalents we demonstrate ...
[CITATION] Deciding to Walk Away: Time Preferences and Strategic Credit Default
S Meier… - 2008 - Working Paper, 2008. and,“Present- …
[CITATION] Risk Preferences Are Not Time Preferences: Discounted Expected Utility with a Disproportionate Preference for Certainty
C Sprenger - 2010 - Working Paper 16348, National …
[CITATION] Deciding to Walk Away: Time Preferences and Strategic Credit Default," Working Paper
S Meier… - 2008
Abstract Some individuals borrow extensively on their credit card. In this paper we test
whether present-biased preferences, that is a disproportionate preference for immediate
consumption, can explain part of the credit card borrowing. In a field study among ...
C Sprenger… - papers.ssrn.com
Abstract: Most US credit card holders revolve high-interest debt, often combined with
substantial (i) asset accumulation by retirement, and (ii) low-rate liquid assets. Hyperbolic
discounting offers a way to resolve the former puzzle (Laibson et al., 2003). Bertaut and ...
S Meier… - 2008 - pipeline.utdallas.edu
Abstract This paper tests whether heterogeneity of time preferences can explain individual
credit behavior. In a field study targeting individuals from low-to-moderate income
households, we elicit individual time preferences through incentivized choice experiments ...
Abstract We propose a new procedure for measuring time preference parameters, the
modified Convex Time Budget (mCTB). Its purpose is to be as simple as possible for the
subject, the administrator and the econometrician while delivering robust estimates of ...
C Sprenger… - papers.ssrn.com
Abstract: Dramatic changes have occurred in the US payment system over the past two
decades, most notably an explosion in electronic card-based payments. Not surprisingly,
this shift has been accompanied by a series of policy debates, all of which hinge critically ...
C Sprenger… - William & Mary Bill of Rights Journal, 2006 - papers.ssrn.com
Abstract: State Farm Mutual Automobile Insurance Co. v. Campbell articulated serious and
specific constitutional constraints upon the imposition of punitive damages. Justice
Kennedy's majority opinion announced that, apart from exceptional cases, punitive ...
This paper presents results of a field study linking individual decisions to acquire financial information
to a critical, and normally unobservable, characteristic: time preferences. We offered a short,
free credit counseling and information program to more than 870 individuals. About 55 ...
Abstract Risk and time are intertwined. The present is known while the future is inherently
risky. Discounted expected utility provides a simple, coherent structure for analyzing
decisions in intertemporal, uncertain environments. However, we document robust ...
There is convincing experimental evidence that Expected Utility fails, but when does it fail,
how severely, and for what fraction of subjects? We explore these questions using a novel
measure we call the uncertainty equivalent. We find Expected Utility performs well away ...
S Meier… - Psychological Science, 2012 - pss.sagepub.com
Advertisement. ...
S Kossmeier… - 2011 - papers.ssrn.com
Abstract: Some individuals borrow extensively on their credit cards. This paper tests whether
present-biased time preferences correlate with credit card borrowing. In a field study, we
elicit individual time preferences with incentivized choice experiments, and match ...
CD Sprenger - 2012 - gradworks.umi.com
UMI. ProQuest® Dissertations & Theses The world's most comprehensive collection of
dissertations and theses. Learn more... ProQuest. Essays in Time and Risk. by Sprenger, Charles
David, Ph.D., UNIVERSITY OF CALIFORNIA, SAN DIEGO, 2011, 205 pages; 3459843. ...
M Callen, M Isaqzadeh, JD Long… - econ.ucsd.edu
Abstract We investigate the relationship between violent trauma and economic risk
preferences in Afghanistan combining:(i) a two-part experimental procedure identifying risk
preferences, violations of Expected Utility (EU), and specific preferences for certainty;(ii) ...
Abstract We propose a new procedure for measuring time preference parameters, the
modified Convex Time Budget (mCTB). Its purpose is to be as simple as possible for the
subject, the administrator and the econometrician while delivering robust estimates of ...
Create email alert
About Google Scholar - All About Google - My Citations
©2012 Google