Website
http://dataportal.arc.gov.au/NCGP/API/grants/DP160101794
Funding Status
Closed
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Funded Activity Summary
The rate of time preference in choice experiments: A systematic re-analysis. This project intends to re-analyse data from over 20 years of past research to understand when and why people sometimes make short-sighted choices. Time preference is a core concept in both theoretical and applied economics and a key input in public policy, yet empirical understanding of it is poor. Almost all important decisions of households, businesses and government involve benefits and costs that unfold over time. Many economists have used decision-making experiments to study how people value the future and make trade-offs over time, but these have not reached any clear consensus. This project plans to systematically re-analyse primary data using state-of-the-art estimation techniques to generate new estimates of the discount rate for each study. These will then be analysed in a meta-regression analysis to identify the factors that cause discount rates to vary between studies.Funded Activity Details
Start Date: 06-2016
End Date: 12-2019
Funding Scheme: Discovery Projects
Funding Amount: $97,000.00
Funder: Australian Research Council
Research Topics
ANZSRC Field of Research (FoR)
Experimental Economics | Applied Economics |
ANZSRC Socio-Economic Objective (SEO)
Expanding Knowledge in Economics | Preference, Behaviour and Welfare
