Measuring Discounting without Measuring Utility
Zhenxing Huang and
American Economic Review, 2016, vol. 106, issue 6, 1476-94
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-codes: C91 D11 D12 D91 (search for similar items in EconPapers)
Note: DOI: 10.1257/aer.20150208
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