Time discounting for primary and monetary rewards

Ernesto Reuben, Paola Sapienza, Luigi Zingales

Research output: Contribution to journalArticle

Abstract

This paper reports a positive and statistically significant relation between short-term discount rates elicited with a monetary and a primary reward (chocolate). This finding suggests that high short-term discount rates are related to an underlying individual trait.

Original languageEnglish (US)
Pages (from-to)125-127
Number of pages3
JournalEconomics Letters
Volume106
Issue number2
DOIs
StatePublished - Feb 1 2010

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Discounting
Reward
Discount rate
Chocolate

Keywords

  • Hyperbolic discounting
  • Intertemporal choice
  • Time preferences

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

Cite this

Time discounting for primary and monetary rewards. / Reuben, Ernesto; Sapienza, Paola; Zingales, Luigi.

In: Economics Letters, Vol. 106, No. 2, 01.02.2010, p. 125-127.

Research output: Contribution to journalArticle

Reuben, Ernesto ; Sapienza, Paola ; Zingales, Luigi. / Time discounting for primary and monetary rewards. In: Economics Letters. 2010 ; Vol. 106, No. 2. pp. 125-127.
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