Dziewulski, Pawel (2014): Revealed timepreference.

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Abstract
Consider an experiment in which subjects are asked to choose between pairs consisting of a monetary payment and a timedelay at which the payment is delivered. Given a finite set of observations, under what conditions the choices of an individual agent can be rationalised by a discounted utility function? We develop an axiomatic characterisation of timepreference with various forms of discounting, including weakly presentbiased, quasihyperbolic, and exponential, and determine the testable restrictions for each specification. Moreover, we discuss identification issues which may arise in this class of experiments.
Item Type:  MPRA Paper 

Original Title:  Revealed timepreference 
Language:  English 
Keywords:  revealed preference, testable restrictions, rationalisation, time{}preference, discounted utility 
Subjects:  C  Mathematical and Quantitative Methods > C1  Econometric and Statistical Methods and Methodology: General > C14  Semiparametric and Nonparametric Methods: General C  Mathematical and Quantitative Methods > C6  Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C60  General C  Mathematical and Quantitative Methods > C6  Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C61  Optimization Techniques ; Programming Models ; Dynamic Analysis D  Microeconomics > D1  Household Behavior and Family Economics > D11  Consumer Economics: Theory D  Microeconomics > D1  Household Behavior and Family Economics > D12  Consumer Economics: Empirical Analysis 
Item ID:  56596 
Depositing User:  Mr Pawel Dziewulski 
Date Deposited:  14. Jun 2014 06:17 
Last Modified:  07. Nov 2014 04:38 
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URI:  https://mpra.ub.unimuenchen.de/id/eprint/56596 