Estimating representations of time preferences and models of probabilistic intertemporal choice on experimental data
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DOI: 10.1007/s11166-018-9281-7
Abstract: We here estimate a number of alternatives to discounted-utility theory, such as quasi-hyperbolic discounting, generalized hyperbolic discounting, and rank-dependent discounted utility with three different models of probabilistic choice. The data come from a controlled laboratory… read more here.
Keywords: models probabilistic; choice; estimating representations; time preferences ... See more keywords