@TechReport{iza:izadps:dp9898, author={Cheung, Stephen L.}, title={Recent Developments in the Experimental Elicitation of Time Preference}, year={2016}, month={Apr}, institution={Institute of Labor Economics (IZA)}, address={Bonn}, type={IZA Discussion Paper}, number={9898}, url={https://www.iza.org/publications/dp9898}, abstract={This methodological survey reviews recent developments in the design of experiments to elicit individuals' time preferences, with a focus on the measurement or control for potentially non-linear utility. While the objective of a time preference experiment is usually to estimate parameters of a discount function, assumptions concerning the nature of utility may have an important influence upon these estimates. The survey classifies experiment designs on two dimensions: whether they assume an equivalence between utility under risk and over time, and whether they result in an estimate of the curvature of utility.}, keywords={time preference;choice list;instantaneous utility;discounted utility}, }