Measuring Discounting without Measuring Utility
- (pp. 1476-94)
AbstractWe 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.
Citation2016. "Measuring Discounting without Measuring Utility." American Economic Review, 106(6): 1476-94. DOI: 10.1257/aer.20150208
- C91 Design of Experiments: Laboratory, Individual
- D11 Consumer Economics: Theory
- D12 Consumer Economics: Empirical Analysis
- D91 Intertemporal Household Choice; Life Cycle Models and Saving