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Revealed time preference

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journal contribution
posted on 2023-06-09, 14:59 authored by Pawel DziewulskiPawel Dziewulski
Suppose a researcher observes a finite number of preference comparisons between pairs (x,t) of rewards x delivered at time t. We provide necessary and sufficient conditions under which such a dataset can be rationalised with the most common specifications of the discounted utility model. The distinctive feature of our characterisation is that it refers to notions of stochastic dominance among empirical distributions defined over the observed rewards and time delays.

History

Publication status

  • Published

File Version

  • Accepted version

Journal

Games and Economic Behavior

ISSN

0899-8256

Publisher

Elsevier

Volume

112

Page range

67-77

Department affiliated with

  • Economics Publications

Full text available

  • Yes

Peer reviewed?

  • Yes

Legacy Posted Date

2018-09-11

First Open Access (FOA) Date

2020-02-15

First Compliant Deposit (FCD) Date

2018-09-10

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