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- W2263768667 abstract "We employ the convex time budget approach in a laboratory experiment to measure individual discount rates for time horizons that are longer (5, 10, and 20 years) than what is typically explored in previous literature. We reject hyperbolic discounting in favor of constant discount rates and because of the long time horizon, the average discount rate of 1.9% is much lower than the rates typically found in empirical estimation of individual discount rates." @default.
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- W2263768667 date "2014-01-01" @default.
- W2263768667 modified "2023-09-25" @default.
- W2263768667 title "Does the Convex Time Budget Approach Lead to Evidence of Hyperbolic Discounting When the Time Horizon is Very Long?" @default.
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- W2263768667 doi "https://doi.org/10.2139/ssrn.2514056" @default.
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