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

Géraldine Bocquého, Florence Jacquet and Arnaud Reynaud

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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)
Date: 2013
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Citations: View citations in EconPapers (12)

Published in Economics Letters, 2013, 120 (1), pp.108-111. ⟨10.1016/j.econlet.2013.04.006⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-01001360

DOI: 10.1016/j.econlet.2013.04.006

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