The DOI matches its OpenAlex record; 16 of the 16 references it cites were found in a registry or an index.
Time Discounting and Time Preference: A Critical Review
Abstract
This paper discusses the discounted utility (DU) model: its historical development, underlying assumptions, and "anomalies" - the empirical regularities that are inconsistent with its theoretical predictions. We then summarize the alternate theoretical formulations that have been advanced to address these anomalies. We also review three decades of empirical research on intertemporal choice, and discuss reasons for the spectacular variation in implicit discount rates across studies. Throughout the paper, we stress the importance of distinguishing time preference, per se, from many other considerations that also influence intertemporal choices.
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Citations
Cites
1 retracted
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Cited by
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Sporrel, K., De Boer, R. D. D., Wang, S., Nibbeling, N., Simons, M., Deutekom, M., Ettema, D., Castro, P. C., Dourado, V. Z., & Kröse, B. (2021) · Frontiers in Public Health · doi:10.3389/fpubh.2020.528472 · Cited by 38
Victims' Time Discounting 2.5 Years after the Wenchuan Earthquake: An ERP Study
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Exploring the diffusion of low-energy houses: An empirical study in the European Union
Olsthoorn, M., Schleich, J., & Faure, C. (2019) · Energy Policy · doi:10.1016/j.enpol.2019.03.043 · Cited by 32
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Effects of Poverty on Impatience: Preferences or Inattention?
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Designing for Future Behaviors: Understanding the Effect of Temporal Distance on Planned Behaviors
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Does Power Reduce Temporal Discounting? Commentary on Joshi and Fast (2013)
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Simulating the deep decarbonisation of residential heating for limiting global warming to 1.5 °C
Knobloch, F., Pollitt, H., Chewpreecha, U., Daioglou, V., & Mercure, J.-F. (2019) · Energy Efficiency · doi:10.1007/s12053-018-9710-0 · Cited by 6
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Differential use and effectiveness of practice testing: Who benefits and who engages?
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(2009) · PubMed
Metadata
- Authors
- Frederick, S., Loewenstein, G. F., & O’Donoghue, T.
- Venue
- Journal of Economic Literature
- Publisher
- American Economic Association
- Published
- 2002-06-01
- Volume
- 40
- Issue
- 2
- Pages
- 351-401
- ISSN
- 0022-0515 (ISSN-L)
- OpenAlex
- W2145107370
- Cited by
- 6,381
- References
- 16
- FWCI
- 67.15
- Type
- journal article
- Language
- en
- Open access
- closed
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Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
