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Nov
18
CORE Brown Bag Seminar
By Brown Bag Seminar

Amma Panin, CORE

Time for Tea: Measuring Discounting Without the Utility Confound".

Abstract

We conduct a field experiment in India comparing inter-temporal discount rates for money and the consumption of tea. We apply a novel method that allows us to directly access the discount function under discounted expected utility, while avoiding the utility confound that has bedeviled most previous studies. We find significantly more discounting for tea than for money. We find no difference in hyperbolicity. Analyizing the data in a Bayesian framework, we can indeed accept the null hypothesis of no hyperbolicity for either tea or money.

Date
18 November
Time
12:45 - 14:00
Location
Online
This is an online event at CO35 and by Teams Go to event website
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