Reversal and magnitude effects in long-term time preferences: Results from a field experiment

Bocqueho G, Jacquet F, & Reynaud A (2013). Reversal and magnitude effects in long-term time preferences: Results from a field experiment. Economics Letters 120 (1): 108-111. DOI:10.1016/j.econlet.2013.04.006.

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Abstract

We use a multiple price list approach with real payments to elicit long-term time preferences on a sample of French farmers. Elicited individual discount rates vary with the time delay, which supports the existence of a reversal effect in long-term time preferences, and increase with rewards, which contradicts the usual magnitude effect finding.

Item Type: Article
Uncontrolled Keywords: Time preferences; Experimental economics; Discounting; Farmers; France
Research Programs: Ecosystems Services and Management (ESM)
Bibliographic Reference: Economics Letters; 120(1):108-111 (July 2013)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:48
Last Modified: 23 Feb 2016 09:23
URI: http://pure.iiasa.ac.at/10400

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