On linking risk preferences and time preferences when estimating incentive effects

Gregory Howard

Economics Letters, 2016, vol. 143, issue C, 87-89

Abstract: This study estimates incentive effects for time preferences while jointly controlling for how incentives alter risk preferences. I find traditional time preference incentive effect estimates are substantially biased when incentives also alter risk preferences.

Keywords: Time preferences; Risk preferences; Incentive effect; Hypothetical bias; Joint elicitation (search for similar items in EconPapers)
JEL-codes: C12 C91 D90 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:143:y:2016:i:c:p:87-89

DOI: 10.1016/j.econlet.2016.04.001

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