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On Measuring Time Preferences / James Andreoni, Michael A. Kuhn, Charles Sprenger.
- Format:
- Book
- Author/Creator:
- Andreoni, James.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w19392.
- NBER working paper series no. w19392
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2013.
- Summary:
- Eliciting time preferences has become an important component of both laboratory and field experiments, yet there is no consensus as how to best measure discounting. We examine the predictive validity of two recent, simple, easily administered, and individually successful elicitation tools: Convex Time Budgets (CTB) and Double Multiple Price Lists (DMPL). Using similar methods, the CTB and DMPL are compared using within- and out-of-sample predictions. While each perform equally well within sample, the CTB significantly outperforms the DMPL on out-of-sample measures.
- Notes:
- Print version record
- August 2013.
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