Non-parametric test of time consistency: present bias and future bias

DOI10.1016/J.GEB.2010.05.005MaRDI QIDQ632967zbMATH OpenOpenAlexFDO

Authors Kan Takeuchi

Publication date 28 March 2011

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.geb.2010.05.005

zbMATH Keywords

intertemporal choicetime preferencepresent biasdecreasing impatiencefuture biasincreasing impatiencereverse time inconsistency

Mathematics Subject Classification ID

Applications of statistics to social sciences (62P25) Individual preferences (91B08) Experimental studies (91A90)

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Cites work

• A Generalization of the Weibull Distribution with Application to the Analysis of Survival Data
• A theory of (relative) discounting
• An Empirical Study on Intertemporal Decision Making Under Risk
• An investigation of time inconsistency
• Decision Making Over Time and Under Uncertainty: A Common Approach
• Eliciting Risk and Time Preferences
• Eliciting individual discount rates
• Golden Eggs and Hyperbolic Discounting
• Is time-discounting hyperbolic or subadditive?
• Neural systems implicated in delayed and probabilistic reinforcement
• Time discounting: Declining impatience and interval effect

Cited in

(20)

• Does time inconsistency differ between gain and loss? An intra-personal comparison using a non-parametric elicitation method
• Trichotomic discounted utility
• An analytical approach for behavioral portfolio model with time discounting preference
• Games with possibly naive present-biased players
• Mixing discount functions: implications for collective time preferences
• An experiment on time preference and misprediction in unpleasant tasks
• Revealed time preference
• Present bias
• How long is a minute?
• Modeling the inconsistency in intertemporal choice: the generalized Weibull discount function and its extension
• Discounted utility and present value -- a close relation
• Repeated games with general discounting
• Renegotiation and dynamic inconsistency: contracting with non-exponential discounting
• Time consistency: stationarity and time invariance
• Goal-based portfolio choice model with discounted preference
• An investigation of time inconsistency
• Compound invariance implies prospect theory for simple prospects
• An extension of quasi-hyperbolic discounting to continuous time
• Extended present bias: a direct experimental test
• A new test of convexity-concavity of discount function

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Uses Software

• Z-Tree

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