Latent process heterogeneity in discounting behavior
نویسندگان
چکیده
منابع مشابه
Latent Process Heterogeneity in Discounting Behavior
We show that observed choices in discounting experiments are consistent with roughly one-half of the subjects using exponential discounting and one-half using quasi-hyperbolic discounting. We characterize the latent data generating process using a mixture model which allows different subjects to behave consistently with each model. Our results have substantive implications for the assumptions m...
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ژورنال
عنوان ژورنال: Oxford Economic Papers
سال: 2011
ISSN: 0030-7653,1464-3812
DOI: 10.1093/oep/gpr019