%0 Report
        %A Cheung, Stephen L.
        %T Recent Developments in the Experimental Elicitation of Time Preference
        %D 2016
        %8 2016 Apr
        %I Institute of Labor Economics (IZA)
        %C Bonn
        %7 IZA Discussion Paper
        %N 9898
        %U https://www.iza.org/publications/dp9898
        %X 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.
        %K time preference
%K choice list
%K instantaneous utility
%K discounted utility