Reversal and magnitude effects in long-term time preferences: Results from a field experiment

Géraldine Bocquého, Florence Jacquet and Arnaud Reynaud

Economics Letters, 2013, vol. 120, issue 1, 108-111

Abstract: We use a multiple price list approach with real payments to elicit long-term time preferences on a sample of French farmers. Elicited individual discount rates vary with the time delay, which supports the existence of a reversal effect in long-term time preferences, and increase with rewards, which contradicts the usual magnitude effect finding.

Keywords: Time preferences; Experimental economics; Discounting; Farmers; France (search for similar items in EconPapers)
JEL-codes: C93 D9 Q12 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:120:y:2013:i:1:p:108-111

DOI: 10.1016/j.econlet.2013.04.006

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