Intertemporal Choice Experiments and Large-Stakes Behavior

Diego Aycinena, Szabolcs Blazsek, Lucas Rentschler, Charles Sprenger

Resultado de la investigación: Working paperDocumento de trabajo

Resumen

Intertemporal choice experiments are frequently implemented to make inference about time preferences, yet little is known about the predictive power of resulting measures. This project links standard experimental choices to a decision on the desire to smooth a large-stakes payment — around 10% of annual income — through time. In a sample of around 400 Guatemalan Conditional Cash Transfer recipients, we find that preferences over large-stakes payment plans are closely predicted by experimental measures of patience and diminishing marginal utility. These represent the first findings in the literature on the predictive content of experimentally elicited intertemporal preferences for large-stakes decisions.
Título traducido de la contribuciónIntertemporal Choice Experiments and Large-Stakes Behavior
Idioma originalInglés
Páginas2-61
Número de páginas61
EstadoPublicada - dic. 1 2019

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