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On negative time preferences

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  • Casari, Marco
  • Dragone, Davide

Abstract

Survey data show that subjects positively discount both gains and losses but discount gains more heavily than losses. This holds for monetary and non-monetary outcomes. These results do not confirm the findings of two earlier studies about negative time preferences for non-monetary outcomes.

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File URL: http://www.sciencedirect.com/science/article/B6V84-51R070S-2/2/0ef7163cdfaa2fa856271bbfbcab69be
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Bibliographic Info

Article provided by Elsevier in its journal Economics Letters.

Volume (Year): 111 (2011)
Issue (Month): 1 (April)
Pages: 37-39

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Handle: RePEc:eee:ecolet:v:111:y:2011:i:1:p:37-39

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Web page: http://www.elsevier.com/locate/ecolet

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Keywords: Discounting Gains Losses Sequences;

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  1. Loewenstein, George, 1987. "Anticipation and the Valuation of Delayed Consumption," Economic Journal, Royal Economic Society, vol. 97(387), pages 666-84, September.
  2. Shane Frederick & George Loewenstein, 2008. "Conflicting motives in evaluations of sequences," Journal of Risk and Uncertainty, Springer, vol. 37(2), pages 221-235, December.
  3. Lowenstein, George & Prelec, Drazen, 1991. "Negative Time Preference," American Economic Review, American Economic Association, vol. 81(2), pages 347-52, May.
  4. Shane Frederick & George Loewenstein & Ted O'Donoghue, 2002. "Time Discounting and Time Preference: A Critical Review," Journal of Economic Literature, American Economic Association, vol. 40(2), pages 351-401, June.
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Cited by:
  1. Casari, Marco & Dragone, Davide, 2011. "Impatience, Anticipatory Feelings and Uncertainty:A Dynamic Experiment on Time Preferences," AICCON Working Papers 80-2011, Associazione Italiana per la Cultura della Cooperazione e del Non Profit.

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