How to measure time preferences: An experimental comparison of three methods

In two studies, time preferences for financial gains and losses at delays of up to 50 years were elicited using three different methods: matching, fixed-sequence choice titration, and a dynamic ``staircase'' choice method. Matching was found to create fewer demand characteristics and to pr...

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Bibliographic Details
Main Authors: David J. Hardisty, Katherine F. Thompson, David H. Krantz, Elke U. Weber
Format: Article
Language:English
Published: Society for Judgment and Decision Making 2013-05-01
Series:Judgment and Decision Making
Subjects:
Online Access:http://journal.sjdm.org/12/12209/jdm12209.pdf