Measuring Discounting without Measuring Utility-Reference-Cited by-同舟云学术

Measuring Discounting without Measuring Utility

Published:2016-06-01 Issue:6 Volume:106 Page:1476-1494
ISSN:0002-8282
Container-title:American Economic Review
language:en
Short-container-title:American Economic Review

Author:

Attema Arthur E.¹,Bleichrodt Han²,Gao Yu³,Huang Zhenxing⁴,Wakker Peter P.⁵

Affiliation:

1. Institute of Health and Policy Management (iBMG), Erasmus University, PO Box 1738, 3000 DR Rotterdam, the Netherlands (e-mail: )

2. Bleichrodt: Erasmus School of Economics, Erasmus University Rotterdam, PO Box 1738, 3000 DR Rotterdam, the Netherlands (e-mail: )

3. Department of Management, Economics and Industrial Engineering (DIG), Polytechnic University of Milan, Via Lambruschini 4/b, 20156, Milan, Italy (e-mail: )

4. School of Economics, Shanghai University of Finance and Economics, 111 Wuchuan Road, 200433, Shanghai, China (e-mail: )

5. Erasmus School of Economics, Erasmus University Rotterdam, PO Box 1738, 3000 DR Rotterdam, the Netherlands (e-mail: )

Abstract

We introduce a new method to measure the temporal discounting of money. Unlike preceding methods, our method requires neither knowledge nor measurement of utility. It is easier to implement, clearer to subjects, and requires fewer measurements than existing methods. (JEL C91, D11, D12, D91)

Publisher

American Economic Association

Subject

Economics and Econometrics

Link

https://pubs.aeaweb.org/doi/pdf/10.1257/aer.20150208

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