WP 2011-03 Discounting Behavior: A Reconsideration

Download Paper

Published in 2014 in European Economic Review, Volume 71.

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

ABSTRACT. We re-evaluate the theory, experimental design and econometrics behind claims that individuals exhibit non-constant discounting behavior. Theory points to the importance of controlling for the non-linearity of the utility… more »