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Risk Preferences Are Not Time Preferences: Reply†.
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- Author(s): Andreoni, James1; Sprenger, Charles2
- Source:
American Economic Review. Jul2015, Vol. 105 Issue 7, p2287-2293. 7p.- Subject Terms:
- Source:
- Additional Information
- Abstract: Can the well-known experimental phenomenon of present-bias in intertemporal choice be confounded with the risks associated with receiving payment? Can measurements of risk preferences be used to represent desires for smoothness in intertemporal payments? In our two 2012 papers in this journal we explored these two questions and found the answer to the first to be yes and the second to be no. We feel the three papers inspired by our work and published here underscore these arguments and point to interesting new possibilities for modeling and measuring risk over time. (JEL C91, D81, D91) [ABSTRACT FROM AUTHOR]
- Abstract: Copyright of American Economic Review is the property of American Economic Association and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
- Abstract:
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