Monotone Stochastic Choice Models: The Case of Risk and Time Preferences
Author
Abstract
Suggested Citation
DOI: 10.1086/695504
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Jose Apesteguia & Miguel Ángel Ballester, 2015. "Monotone Stochastic Choice Models: The Case of Risk and Time Preferences," Working Papers 859, Barcelona School of Economics.
- Jose Apesteguia & Miguel A. Ballester, 2015. "Monotone stochastic choice models: The case of risk and time preferences," Economics Working Papers 1499, Department of Economics and Business, Universitat Pompeu Fabra.
References listed on IDEAS
- Levon Barseghyan & Francesca Molinari & Ted O'Donoghue & Joshua C. Teitelbaum, 2013.
"The Nature of Risk Preferences: Evidence from Insurance Choices,"
American Economic Review, American Economic Association, vol. 103(6), pages 2499-2529, October.
- Barseghyan, Levon & Molinari, Francesca & O'Donoghue, Ted & Teitelbaum, Joshua C., 2011. "The Nature of Risk Preferences: Evidence from Insurance Choices," Working Papers 11-03, Cornell University, Center for Analytic Economics.
- Levon Barseghyan & Francesca Molinari & Ted O'Donoghue & Joshua C. Teitelbaum, 2012. "The Nature of Risk Preferences: Evidence from Insurance Choices," CESifo Working Paper Series 3933, CESifo.
- Steffen Andersen & Glenn W. Harrison & Morten I. Lau & E. Elisabet Rutström, 2008. "Eliciting Risk and Time Preferences," Econometrica, Econometric Society, vol. 76(3), pages 583-618, May.
- Namkee Ahn, 1995. "Measuring the Value of Children by Sex and Age Using a Dynamic Programming Model," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 62(3), pages 361-379.
- Robert B. Barsky & F. Thomas Juster & Miles S. Kimball & Matthew D. Shapiro, 1997. "Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Study," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 112(2), pages 537-579.
- James Andreoni & John Miller, 2002. "Giving According to GARP: An Experimental Test of the Consistency of Preferences for Altruism," Econometrica, Econometric Society, vol. 70(2), pages 737-753, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Moritz A. Drupp & Jasper N. Meya & Björn Bos & Simon Disque, 2024. "Heterogeneous Substitutability Preferences," CESifo Working Paper Series 11197, CESifo.
- Jose Apesteguia & Miguel A. Ballester, 2014.
"Discrete choice estimation of risk aversion,"
Economics Working Papers
1443, Department of Economics and Business, Universitat Pompeu Fabra.
- Jose Apesteguia & Miguel Angel Ballester, 2014. "Discrete Choice Estimation of Risk Aversion," Working Papers 788, Barcelona School of Economics.
- Thomas, Ranjeeta & Galizzi, Matteo M. & Moorhouse, Louisa & Nyamukapa, Constance & Hallett, Timothy B., 2024.
"Do risk, time and prosocial preferences predict risky sexual behaviour of youths in a low-income, high-risk setting?,"
Journal of Health Economics, Elsevier, vol. 93(C).
- Thomas, Ranjeeta & Galizzi, Matteo M. & Moorhouse, Louisa & Nyamukapa, Constance & Hallett, Timothy B., 2024. "Do risk, time and prosocial preferences predict risky sexual behaviour of youths in a low-income, high-risk setting?," LSE Research Online Documents on Economics 121013, London School of Economics and Political Science, LSE Library.
- Maureen L. Cropper & Yongjoon Park, 2024. "Incorporating Air and Water Pollution into the National Income and Product Accounts," NBER Chapters, in: Measuring and Accounting for Environmental Public Goods: A National Accounts Perspective, National Bureau of Economic Research, Inc.
- Yang, Fanzheng, 2013. "Using laboratory experiments to study otherwise unobservable labor market interactions," ISU General Staff Papers 201301010800004100, Iowa State University, Department of Economics.
- Filiz-Ozbay, Emel & Guryan, Jonathan & Hyndman, Kyle & Kearney, Melissa & Ozbay, Erkut Y., 2015.
"Do lottery payments induce savings behavior? Evidence from the lab,"
Journal of Public Economics, Elsevier, vol. 126(C), pages 1-24.
- Emel Filiz-Ozbay & Jonathan Guryan & Kyle Hyndman & Melissa Schettini Kearney & Erkut Y. Ozbay, 2013. "Do Lottery Payments Induce Savings Behavior: Evidence from the Lab," NBER Working Papers 19130, National Bureau of Economic Research, Inc.
- Marieka M. Klawitter & C. Leigh Anderson & Mary Kay Gugerty, 2013. "Savings And Personal Discount Rates In A Matched Savings Program For Low-Income Families," Contemporary Economic Policy, Western Economic Association International, vol. 31(3), pages 468-485, July.
- Gauriot, Romain & Heger, Stephanie A. & Slonim, Robert, 2020.
"Altruism or diminishing marginal utility?,"
Journal of Economic Behavior & Organization, Elsevier, vol. 180(C), pages 24-48.
- Gauriot, Romain & Heger, Stephanie A. & Slonim, Robert, 2018. "Altruism or Diminishing Marginal Utility?," IZA Discussion Papers 11721, Institute of Labor Economics (IZA).
- C. Leigh ANDERSON & Mary Kay GUGERTY, 2009. "Intertemporal Choice And Development Policy: New Evidence On Time‐Varying Discount Rates From Vietnam And Russia," The Developing Economies, Institute of Developing Economies, vol. 47(2), pages 123-146, June.
- Liran Einav & Amy Finkelstein & Iuliana Pascu & Mark R. Cullen, 2012.
"How General Are Risk Preferences? Choices under Uncertainty in Different Domains,"
American Economic Review, American Economic Association, vol. 102(6), pages 2606-2638, October.
- Mark Cullen & Liran Einav & Amy Finkelstein & Iuliana Pascu, 2010. "How General Are Risk Preferences? Choices Under Uncertainty in Different Domains," Discussion Papers 09-005, Stanford Institute for Economic Policy Research.
- Liran Einav & Amy Finkelstein & Iuliana Pascu & Mark R. Cullen, 2010. "How general are risk preferences? Choices under uncertainty in different domains," NBER Working Papers 15686, National Bureau of Economic Research, Inc.
- Dorian Jullien, 2018. "Under Risk, Over Time, Regarding Other People: Language and Rationality within Three Dimensions," Research in the History of Economic Thought and Methodology, in: Including a Symposium on Latin American Monetary Thought: Two Centuries in Search of Originality, volume 36, pages 119-155, Emerald Group Publishing Limited.
- Jetter, Michael & Magnusson, Leandro M. & Roth, Sebastian, 2020.
"Becoming sensitive: Males’ risk and time preferences after the 2008 financial crisis,"
European Economic Review, Elsevier, vol. 128(C).
- Jetter, Michael & Magnusson, Leandro & Roth, Sebastian, 2020. "Becoming Sensitive: Males' Risk and Time Preferences after the 2008 Financial Crisis," IZA Discussion Papers 13054, Institute of Labor Economics (IZA).
- Michael Jetter & Leandro M. Magnusson & Sebastian Roth, 2020. "Becoming sensitive: Males’ risk and time preferences after the 2008 Financial Crisis," Economics Discussion / Working Papers 20-09, The University of Western Australia, Department of Economics.
- Uttara Balakrishnan & Johannes Haushofer & Pamela Jakiela, 2020.
"How soon is now? Evidence of present bias from convex time budget experiments,"
Experimental Economics, Springer;Economic Science Association, vol. 23(2), pages 294-321, June.
- Balakrishnan, Uttara & Haushofer, Johannes & Jakiela, Pamela, 2016. "How Soon Is Now? Evidence of Present Bias from Convex Time Budget Experiments," IZA Discussion Papers 9653, Institute of Labor Economics (IZA).
- Uttara Balakrishnan & Johannes Haushofer & Pamela Jakiela, 2017. "How Soon Is Now? Evidence of Present Bias from Convex Time Budget Experiments," NBER Working Papers 23558, National Bureau of Economic Research, Inc.
- Jose Apesteguia & Miguel Angel Ballester, 2014.
"Discrete Choice Estimation of Time Preferences,"
Working Papers
787, Barcelona School of Economics.
- Jose Apesteguia & Miguel A. Ballester, 2014. "Discrete choice estimation of time preferences," Economics Working Papers 1442, Department of Economics and Business, Universitat Pompeu Fabra.
- Michèle Cohen & Jean-Marc Tallon & Jean-Christophe Vergnaud, 2011.
"An experimental investigation of imprecision attitude and its relation with risk attitude and impatience,"
Theory and Decision, Springer, vol. 71(1), pages 81-109, July.
- Michèle Cohen & Jean-Marc Tallon & Jean-Christophe Vergnaud, 2009. "An experimental investigation of imprecision attitude and its relation with risk attitude and impatience," Documents de travail du Centre d'Economie de la Sorbonne 09029, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
- Michèle Cohen & Jean-Marc Tallon & Jean-Christophe Vergnaud, 2011. "An experimental investigation of imprecision attitude and its relation with risk attitude and impatience," PSE-Ecole d'économie de Paris (Postprint) halshs-00502820, HAL.
- Michèle Cohen & Jean-Marc Tallon & Jean-Christophe Vergnaud, 2011. "An experimental investigation of imprecision attitude and its relation with risk attitude and impatience," Post-Print halshs-00502820, HAL.
- Michèle Cohen & Jean-Marc Tallon & Jean-Christophe Vergnaud, 2009. "An experimental investigation of imprecision attitude and its relation with risk attitude and impatience," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00389674, HAL.
- Michèle Cohen & Jean-Marc Tallon & Jean-Christophe Vergnaud, 2009. "An experimental investigation of imprecision attitude and its relation with risk attitude and impatience," Post-Print halshs-00389674, HAL.
- Michèle Cohen & Jean-Marc Tallon & Jean-Christophe Vergnaud, 2011. "An experimental investigation of imprecision attitude and its relation with risk attitude and impatience," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00502820, HAL.
- Fossen, Frank M. & Glocker, Daniela, 2017.
"Stated and revealed heterogeneous risk preferences in educational choice,"
European Economic Review, Elsevier, vol. 97(C), pages 1-25.
- Frank M. Fossen & Daniela Glocker, 2014. "Stated and Revealed Heterogeneous Risk Preferences in Educational Choice," SOEPpapers on Multidisciplinary Panel Data Research 630, DIW Berlin, The German Socio-Economic Panel (SOEP).
- Fossen, Frank M. & Glocker, Daniela, 2014. "Stated and revealed heterogeneous risk preferences in educational choice," Discussion Papers 2014/3, Free University Berlin, School of Business & Economics.
- Fossen, Frank M. & Glocker, Daniela, 2014. "Stated and Revealed Heterogeneous Risk Preferences in Educational Choice," IZA Discussion Papers 7950, Institute of Labor Economics (IZA).
- Frank M. Fossen & Daniela Glocker, 2014. "Stated and Revealed Heterogeneous Risk Preferences in Educational Choice," Discussion Papers of DIW Berlin 1361, DIW Berlin, German Institute for Economic Research.
- Duffy, Sean & Smith, John, 2013.
"Preference for increasing wages: How do people value various streams of income?,"
Judgment and Decision Making, Cambridge University Press, vol. 8(1), pages 74-90, January.
- Sean Duffy & John Smith, 2013. "Preference for increasing wages: How do people value various streams of income?," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 8(1), pages 74-90, January.
- Duffy, Sean & Smith, John, 2010. "Preference for increasing wages: How do people value various streams of income?," MPRA Paper 23559, University Library of Munich, Germany.
- Gary Charness & Thomas Garcia & Theo Offerman & Marie Claire Villeval, 2020.
"Do measures of risk attitude in the laboratory predict behavior under risk in and outside of the laboratory?,"
Journal of Risk and Uncertainty, Springer, vol. 60(2), pages 99-123, April.
- Gary Charness & Thomas Garcia & Theo Offerman & Marie Claire Villeval, 2019. "Do measures of risk attitude in the laboratory predict behavior under risk in and outside of the laboratory?," Working Papers halshs-02146618, HAL.
- Gary Charness & Thomas Garcia & Theo Offerman & Marie Claire Villeval, 2020. "Do measures of risk attitude in the laboratory predict behavior under risk in and outside of the laboratory?," Post-Print halshs-02908109, HAL.
- Charness, Gary & Garcia, Thomas & Offerman, Theo & Villeval, Marie Claire, 2019. "Do Measures of Risk Attitude in the Laboratory Predict Behavior under Risk in and outside of the Laboratory?," IZA Discussion Papers 12395, Institute of Labor Economics (IZA).
- Gary Charness & Thomas Garcia & Theo Offerman & Marie Claire Villeval, 2019. "Do measures of risk attitude in the laboratory predict behavior under risk in and outside of the laboratory?," Working Papers 1921, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
- W. David Bradford & Meriem Hodge Doucette, 2023. "Effect of a brief intervention on respondents’ subjective perception of time and discount rates," Journal of Risk and Uncertainty, Springer, vol. 66(1), pages 47-75, February.
- Vo, Thang T. & Van, Pham Hoang, 2019. "Can health insurance reduce household vulnerability? Evidence from Viet Nam," World Development, Elsevier, vol. 124(C), pages 1-1.
More about this item
JEL classification:
- C25 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
- D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ucp:jpolec:doi:10.1086/695504. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Journals Division (email available below). General contact details of provider: https://www.journals.uchicago.edu/JPE .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.