TY  - RPRT
        AU  - Cheung, Stephen L.
        TI  - Recent Developments in the Experimental Elicitation of Time Preference
        PY  - 2016/Apr/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 9898
        UR  - https://www.iza.org/publications/dp9898
        AB  - 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.
        KW  - time preference
KW  - choice list
KW  - instantaneous utility
KW  - discounted utility
        ER  -