The DOI matches its Crossref record; 228 of the 228 references it cites were found in a registry or an index.
Measuring Time Preferences
Open accessAbstract
We review research that measures time preferences—i.e., preferences over intertemporal trade—offs. We distinguish between studies using financial flows, which we call “money earlier or later” (MEL) decisions, and studies that use time-dated consumption/effort. Under different structural models, we show how to translate what MEL experiments directly measure (required rates of return for financial flows) into a discount function over utils. We summarize empirical regularities found in MEL studies and the predictive power of those studies. We explain why MEL choices are driven in part by some factors that are distinct from underlying time preferences. (JEL C61, D15)
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
1 retracted
RETRACTED: Procrastination, Deadlines, and Performance: Self-Control by Precommitment
Ariely, D., & Wertenbroch, K. (2002) · Psychological Science · doi:10.1111/1467-9280.00441 · Cited by 1,266 · cited 1×
“…e.g., preference for costly single-unit packaging of tempting snacks (Wertenbroch 1998); self-imposed work deadlines with financial penalties (Ariely and Wertenbroch 2002; Bisin and Hyndman 2014); self-imposed financial penalties for smoking or drinking (Giné, Karlan, and Zinman 2010;…”
BackgroundRetractedProspect Theory: An Analysis of Decision under Risk
Kahneman, D., & Tversky, A. (1979) · Econometrica · doi:10.2307/1914185 · Cited by 48,524
Tversky, A., & Kahneman, D. (1974) · Science · doi:10.1126/science.185.4157.1124 · Cited by 28,810 · cited 1×
“Such models have been widely applied in the psychology literature (Tversky and Kahneman 1974, Gigerenzer and Todd 1999).”
Judgment under Uncertainty: Heuristics and Biases
Tversky, A., & Kahneman, D. (1975) · Utility, Probability, and Human Decision Making · doi:10.1007/978-94-010-1834-0_8 · Cited by 22,650
Filders, R. (1992) · International Journal of Forecasting · doi:10.1016/0169-2070(92)90130-2 · Cited by 16,165
(2019) · AEA Papers and Proceedings · doi:10.1257/pandp.109.612 · Cited by 10,902
Time Discounting and Time Preference: A Critical Review
Frederick, S., Loewenstein, G. F., & O’Donoghue, T. (2002) · Journal of Economic Literature · doi:10.1257/002205102320161311 · Cited by 6,381
Golden eggs and hyperbolic discounting
Laibson, D. (1997) · The Quarterly Journal of Economics · doi:10.1162/003355397555253 · Cited by 6,122
Self-citationRisk Aversion and Incentive Effects
Holt, C. A., & Laury, S. K. (2002) · American Economic Review · doi:10.1257/000282802762024700 · Cited by 5,939
A Mathematical Theory of Saving
Ramsey, F. P. (1928) · The Economic Journal · doi:10.2307/2224098 · Cited by 5,805
Metadata
- Authors
- Cohen, J., Ericson, K. M., Laibson, D., & White, J. M.
- Venue
- Journal of Economic Literature
- Publisher
- American Economic Association
- Published
- 2020-06-01
- Volume
- 58
- Issue
- 2
- Pages
- 299-347
- ISSN
- 0022-0515 (ISSN-L)
- OpenAlex
- W2497821641
- Cited by
- 344
- References
- 228
- FWCI
- 28.05
- Type
- journal article
- Language
- en
- Open access
- green
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Measuring Time Preferences. https://app.cochat.ai/papers/10.1257/jel.20191074
- The paper
- Cohen, J., Ericson, K. M., Laibson, D., & White, J. M. (2020). Measuring Time Preferences. Journal of Economic Literature. https://doi.org/10.1257/jel.20191074
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
