Another Experimental Look at Individual Time Preference

Another Experimental Look at Individual Time Preference

The axiomatic models of intertemporal choice assume that an individual's rate of time discount is constant. Yet a great deal of anecdotal and hypothetical evidence suggests that the discount rate is instead hyperbolic. Likewise, animal studies have also supported the hyperbolic discount rate. V...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Rationality and society 1992-04, Vol.4 (2), p.199-220
Hauptverfasser: HOLCOMB, JAMES H., NELSON, PAUL S.
Format: Artikel
Sprache:eng
Schlagworte:
College Students
Preferences
United States of America
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
container_end_page 220
container_issue 2
container_start_page 199
container_title Rationality and society
container_volume 4
creator HOLCOMB, JAMES H.
NELSON, PAUL S.
description The axiomatic models of intertemporal choice assume that an individual's rate of time discount is constant. Yet a great deal of anecdotal and hypothetical evidence suggests that the discount rate is instead hyperbolic. Likewise, animal studies have also supported the hyperbolic discount rate. Very little empirical evidence exists using human subjects making salient choices. Using experimental economic methodology, support is found for the stationarity component of the discount rate assumption but not for the linearity component.
doi_str_mv 10.1177/1043463192004002006
format Article
fullrecord <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_miscellaneous_61295202</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sage_id>10.1177_1043463192004002006</sage_id><sourcerecordid>1300219453</sourcerecordid><originalsourceid>FETCH-LOGICAL-c330t-f454e72becd953b0a5931fbf2812060c80fdee439f02742f689afb67c74750373</originalsourceid><addsrcrecordid>eNp9kE1Lw0AQhhdRsH78Ai8BwVt09js5llK1UNBDPYfNZlZT02zdTUT_vVvqQUS8zAwzzzvMvIRcULimVOsbCoILxWnJAARAiuqATKhQNNdcFoepTkS-Q47JSYxrAJCCyQnR094PLxiy-ccWQ7vBfjBdtvT-NTNDtuib9r1txtRapVn2GNBhwN7iGTlypot4_p1PydPtfDW7z5cPd4vZdJlbzmHInZACNavRNqXkNRhZcupqxwrKQIEtwDWIgpcOmBbMqaI0rlbaaqElcM1PydV-7zb4txHjUG3aaLHrTI9-jJWirJQMWAIvf4FrP4Y-3VZRniyhpZA8UXxP2eBjTN9U2_S0CZ8VhWpnZfWHlUkFe1U0z_hj7z-SL7wbcTI</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1300219453</pqid></control><display><type>article</type><title>Another Experimental Look at Individual Time Preference</title><source>Sociological Abstracts</source><source>Periodicals Index Online</source><source>SAGE Complete A-Z List</source><creator>HOLCOMB, JAMES H. ; NELSON, PAUL S.</creator><creatorcontrib>HOLCOMB, JAMES H. ; NELSON, PAUL S.</creatorcontrib><description>The axiomatic models of intertemporal choice assume that an individual's rate of time discount is constant. Yet a great deal of anecdotal and hypothetical evidence suggests that the discount rate is instead hyperbolic. Likewise, animal studies have also supported the hyperbolic discount rate. Very little empirical evidence exists using human subjects making salient choices. Using experimental economic methodology, support is found for the stationarity component of the discount rate assumption but not for the linearity component.</description><identifier>ISSN: 1043-4631</identifier><identifier>EISSN: 1461-7358</identifier><identifier>DOI: 10.1177/1043463192004002006</identifier><identifier>CODEN: RTSOEG</identifier><language>eng</language><publisher>Newbury Park, Calif: SAGE Publications</publisher><subject>College Students ; Preferences ; United States of America</subject><ispartof>Rationality and society, 1992-04, Vol.4 (2), p.199-220</ispartof><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c330t-f454e72becd953b0a5931fbf2812060c80fdee439f02742f689afb67c74750373</citedby><cites>FETCH-LOGICAL-c330t-f454e72becd953b0a5931fbf2812060c80fdee439f02742f689afb67c74750373</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://journals.sagepub.com/doi/pdf/10.1177/1043463192004002006$$EPDF$$P50$$Gsage$$H</linktopdf><linktohtml>$$Uhttps://journals.sagepub.com/doi/10.1177/1043463192004002006$$EHTML$$P50$$Gsage$$H</linktohtml><link.rule.ids>314,778,782,21802,27852,27907,27908,33758,43604,43605</link.rule.ids></links><search><creatorcontrib>HOLCOMB, JAMES H.</creatorcontrib><creatorcontrib>NELSON, PAUL S.</creatorcontrib><title>Another Experimental Look at Individual Time Preference</title><title>Rationality and society</title><description>The axiomatic models of intertemporal choice assume that an individual's rate of time discount is constant. Yet a great deal of anecdotal and hypothetical evidence suggests that the discount rate is instead hyperbolic. Likewise, animal studies have also supported the hyperbolic discount rate. Very little empirical evidence exists using human subjects making salient choices. Using experimental economic methodology, support is found for the stationarity component of the discount rate assumption but not for the linearity component.</description><subject>College Students</subject><subject>Preferences</subject><subject>United States of America</subject><issn>1043-4631</issn><issn>1461-7358</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1992</creationdate><recordtype>article</recordtype><sourceid>K30</sourceid><sourceid>BHHNA</sourceid><recordid>eNp9kE1Lw0AQhhdRsH78Ai8BwVt09js5llK1UNBDPYfNZlZT02zdTUT_vVvqQUS8zAwzzzvMvIRcULimVOsbCoILxWnJAARAiuqATKhQNNdcFoepTkS-Q47JSYxrAJCCyQnR094PLxiy-ccWQ7vBfjBdtvT-NTNDtuib9r1txtRapVn2GNBhwN7iGTlypot4_p1PydPtfDW7z5cPd4vZdJlbzmHInZACNavRNqXkNRhZcupqxwrKQIEtwDWIgpcOmBbMqaI0rlbaaqElcM1PydV-7zb4txHjUG3aaLHrTI9-jJWirJQMWAIvf4FrP4Y-3VZRniyhpZA8UXxP2eBjTN9U2_S0CZ8VhWpnZfWHlUkFe1U0z_hj7z-SL7wbcTI</recordid><startdate>199204</startdate><enddate>199204</enddate><creator>HOLCOMB, JAMES H.</creator><creator>NELSON, PAUL S.</creator><general>SAGE Publications</general><general>Sage Publications</general><scope>AAYXX</scope><scope>CITATION</scope><scope>HFIND</scope><scope>IOIBA</scope><scope>K30</scope><scope>PAAUG</scope><scope>PAWHS</scope><scope>PAWZZ</scope><scope>PAXOH</scope><scope>PBHAV</scope><scope>PBQSW</scope><scope>PBYQZ</scope><scope>PCIWU</scope><scope>PCMID</scope><scope>PCZJX</scope><scope>PDGRG</scope><scope>PDWWI</scope><scope>PETMR</scope><scope>PFVGT</scope><scope>PGXDX</scope><scope>PIHIL</scope><scope>PISVA</scope><scope>PJCTQ</scope><scope>PJTMS</scope><scope>PLCHJ</scope><scope>PMHAD</scope><scope>PNQDJ</scope><scope>POUND</scope><scope>PPLAD</scope><scope>PQAPC</scope><scope>PQCAN</scope><scope>PQCMW</scope><scope>PQEME</scope><scope>PQHKH</scope><scope>PQMID</scope><scope>PQNCT</scope><scope>PQNET</scope><scope>PQSCT</scope><scope>PQSET</scope><scope>PSVJG</scope><scope>PVMQY</scope><scope>PZGFC</scope><scope>7U4</scope><scope>BHHNA</scope><scope>DWI</scope><scope>WZK</scope></search><sort><creationdate>199204</creationdate><title>Another Experimental Look at Individual Time Preference</title><author>HOLCOMB, JAMES H. ; NELSON, PAUL S.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c330t-f454e72becd953b0a5931fbf2812060c80fdee439f02742f689afb67c74750373</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1992</creationdate><topic>College Students</topic><topic>Preferences</topic><topic>United States of America</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>HOLCOMB, JAMES H.</creatorcontrib><creatorcontrib>NELSON, PAUL S.</creatorcontrib><collection>CrossRef</collection><collection>Periodicals Index Online Segment 16</collection><collection>Periodicals Index Online Segment 29</collection><collection>Periodicals Index Online</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - West</collection><collection>Primary Sources Access (Plan D) - International</collection><collection>Primary Sources Access &amp; Build (Plan A) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Midwest</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Northeast</collection><collection>Primary Sources Access (Plan D) - Southeast</collection><collection>Primary Sources Access (Plan D) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Southeast</collection><collection>Primary Sources Access (Plan D) - South Central</collection><collection>Primary Sources Access &amp; Build (Plan A) - UK / I</collection><collection>Primary Sources Access (Plan D) - Canada</collection><collection>Primary Sources Access (Plan D) - EMEALA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - South Central</collection><collection>Primary Sources Access &amp; Build (Plan A) - International</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - International</collection><collection>Primary Sources Access (Plan D) - West</collection><collection>Periodicals Index Online Segments 1-50</collection><collection>Primary Sources Access (Plan D) - APAC</collection><collection>Primary Sources Access (Plan D) - Midwest</collection><collection>Primary Sources Access (Plan D) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Canada</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - EMEALA</collection><collection>Primary Sources Access &amp; Build (Plan A) - APAC</collection><collection>Primary Sources Access &amp; Build (Plan A) - Canada</collection><collection>Primary Sources Access &amp; Build (Plan A) - West</collection><collection>Primary Sources Access &amp; Build (Plan A) - EMEALA</collection><collection>Primary Sources Access (Plan D) - Northeast</collection><collection>Primary Sources Access &amp; Build (Plan A) - Midwest</collection><collection>Primary Sources Access &amp; Build (Plan A) - North Central</collection><collection>Primary Sources Access &amp; Build (Plan A) - Northeast</collection><collection>Primary Sources Access &amp; Build (Plan A) - South Central</collection><collection>Primary Sources Access &amp; Build (Plan A) - Southeast</collection><collection>Primary Sources Access (Plan D) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - APAC</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - MEA</collection><collection>Sociological Abstracts (pre-2017)</collection><collection>Sociological Abstracts</collection><collection>Sociological Abstracts</collection><collection>Sociological Abstracts (Ovid)</collection><jtitle>Rationality and society</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>HOLCOMB, JAMES H.</au><au>NELSON, PAUL S.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Another Experimental Look at Individual Time Preference</atitle><jtitle>Rationality and society</jtitle><date>1992-04</date><risdate>1992</risdate><volume>4</volume><issue>2</issue><spage>199</spage><epage>220</epage><pages>199-220</pages><issn>1043-4631</issn><eissn>1461-7358</eissn><coden>RTSOEG</coden><abstract>The axiomatic models of intertemporal choice assume that an individual's rate of time discount is constant. Yet a great deal of anecdotal and hypothetical evidence suggests that the discount rate is instead hyperbolic. Likewise, animal studies have also supported the hyperbolic discount rate. Very little empirical evidence exists using human subjects making salient choices. Using experimental economic methodology, support is found for the stationarity component of the discount rate assumption but not for the linearity component.</abstract><cop>Newbury Park, Calif</cop><pub>SAGE Publications</pub><doi>10.1177/1043463192004002006</doi><tpages>22</tpages></addata></record>
fulltext fulltext
identifier ISSN: 1043-4631
ispartof Rationality and society, 1992-04, Vol.4 (2), p.199-220
issn 1043-4631
1461-7358
language eng
recordid cdi_proquest_miscellaneous_61295202
source Sociological Abstracts; Periodicals Index Online; SAGE Complete A-Z List
subjects College Students
Preferences
United States of America
title Another Experimental Look at Individual Time Preference
url https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-16T17%3A56%3A12IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Another%20Experimental%20Look%20at%20Individual%20Time%20Preference&rft.jtitle=Rationality%20and%20society&rft.au=HOLCOMB,%20JAMES%20H.&rft.date=1992-04&rft.volume=4&rft.issue=2&rft.spage=199&rft.epage=220&rft.pages=199-220&rft.issn=1043-4631&rft.eissn=1461-7358&rft.coden=RTSOEG&rft_id=info:doi/10.1177/1043463192004002006&rft_dat=%3Cproquest_cross%3E1300219453%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=1300219453&rft_id=info:pmid/&rft_sage_id=10.1177_1043463192004002006&rfr_iscdi=true