Individual discount rates: a meta-analysis of experimental evidence
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F22%3A10427800" target="_blank" >RIV/00216208:11230/22:10427800 - isvavai.cz</a>
Result on the web
<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=54DsSNAKzD" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=54DsSNAKzD</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1007/s10683-021-09716-9" target="_blank" >10.1007/s10683-021-09716-9</a>
Alternative languages
Result language
angličtina
Original language name
Individual discount rates: a meta-analysis of experimental evidence
Original language description
A key parameter estimated by lab and field experiments in economics is the individual discount rate-and the results vary widely. We examine the extent to which this variance can be attributed to observable differences in methods, subject pools, and potential publication bias. To address the model uncertainty inherent to such an exercise we employ Bayesian and frequentist model averaging. We obtain evidence consistent with publication bias against unintuitive results. The corrected mean annual discount rate is 0.33. Our findings also suggest that discount rates are independent across domains: people tend to be less patient when health is at stake compared to money. Negative framing is associated with more patience. Finally, the results of lab and field experiments differ systematically, and it also matters whether the experiment relies on students or uses broader samples of the population.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50201 - Economic Theory
Result continuities
Project
Result was created during the realization of more than one project. More information in the Projects tab.
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2022
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Experimental Economics
ISSN
1386-4157
e-ISSN
1573-6938
Volume of the periodical
25
Issue of the periodical within the volume
1
Country of publishing house
NL - THE KINGDOM OF THE NETHERLANDS
Number of pages
41
Pages from-to
318-358
UT code for WoS article
000647822500001
EID of the result in the Scopus database
2-s2.0-85103403486