WP 2011-01 Discounting Behavior and the Magnitude Effect

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Published in 2013 in Economica, Volume 80, Issue 320.

AUTHORS: Steffen Andersen, Glenn W. Harrison, Morten I. Lau, and E. Elisabet Rutström

ABSTRACT. We evaluate the claim that individuals exhibit a magnitude effect in their discounting behavior, which is said to occur when higher discount rates are inferred from choices made with… more »