American Economic Review Vol. 105 No. 7 2015

Risk Preferences Are Not Time Preferences: Reply

James Andreoni¹; Charles Sprenger²

¹ Department of Economics, University of California, San Diego, 9500 Gilman Drive, La Jolla, CA 92093 (e-mail: ) · ² Department of Economics and Rady School of Management, University of California, San Diego, 9500 Gilman Drive, La Jolla, CA 92093 (e-mail: )

Abstract

Can the well-known experimental phenomenon of present-bias in intertemporal choice be confounded with the risks associated with receiving payment? Can measurements of risk preferences be used to represent desires for smoothness in intertemporal payments? In our two 2012 papers in this journal we explored these two questions and found the answer to the first to be yes and the second to be no. We feel the three papers inspired by our work and published here underscore these arguments and point to interesting new possibilities for modeling and measuring risk over time.

DOI

10.1257/aer.20150311

Volume

105

Issue

7

Pages

2287-2293

Language

en

Sources

bibtex:phds-export.bib openalex crossref

Cite

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