1 Institute of Health and Policy Management (iBMG), Erasmus University, PO Box 1738, 3000 DR Rotterdam, the Netherlands (e-mail: ) · 2 Bleichrodt: Erasmus School of Economics, Erasmus University Rotterdam, PO Box 1738, 3000 DR Rotterdam, the Netherlands (e-mail: ) · 3 Department of Management, Economics and Industrial Engineering (DIG), Polytechnic University of Milan, Via Lambruschini 4/b, 20156, Milan, Italy (e-mail: ) · 4 School of Economics, Shanghai University of Finance and Economics, 111 Wuchuan Road, 200433, Shanghai, China (e-mail: ) · 5 Erasmus School of Economics, Erasmus University Rotterdam, PO Box 1738, 3000 DR Rotterdam, the Netherlands (e-mail: )
open access
Abstract
We introduce a new method to measure the temporal discounting of money. Unlike preceding methods, our method requires neither knowledge nor measurement of utility. It is easier to implement, clearer to subjects, and requires fewer measurements than existing methods.