Publication: Universal time preference
Universal time preference
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Hens, T., Rieger, M. O., & Wang, M. (2021). Universal time preference. PLoS ONE, 16(2), e0245692. https://doi.org/10.1371/journal.pone.0245692
Abstract
Abstract
Abstract
Time preferences are central to human decision making; therefore, a thorough understanding of their international differences is highly relevant. Previous measurements, however, vary widely in their methodology, from questions answered on the Likert scale to lottery-type questions. We show that these different measurements correlate to a large degree and that they have a common factor that can predict a broad spectrum of variables: the countries’ credit ratings, gasoline prices (as a proxy for environmental protection), equity risk pr
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Creators (Authors)
- Rieger, Marc O
- Wang, Mei
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Citations
Hens, T., Rieger, M. O., & Wang, M. (2021). Universal time preference. PLoS ONE, 16(2), e0245692. https://doi.org/10.1371/journal.pone.0245692
