ツブク マサフミ   津布久 将史    所属   専修大学  経済学部    専修大学大学院  経済学研究科    職種   准教授
言語種別	英語
発行・発表の年月	2018
形態種別	研究論文
標題	Time discounting in the presence of time constraints
執筆形態	共著
掲載誌名	ECONOMICS BULLETIN
出版社・発行元	ECONOMICS BULLETIN
巻・号・頁	38(2),pp.1180-+
著者・共著者	Makito Takeuchi,Masafumi Tsubuku
概要	This study explores the intertemporal choice between goods in the presence of time constraints. While previous research showed that time preferences in intertemporal decisions can be represented by a decreasing hyperbolic function, we investigate how time preferences respond to the presence of time constraints to consuming goods. The experiment is based on questionnaire data and focuses on two types of products, gift certificates and food. The results show that the time discount rate increases over time in the presence of a time constraint. In addition, for all of the goods treated in this experiment, we confirm that individual tends to be more patient towards larger rewards (magnitude effect), and future negative payoffs are discounted at a lower rate than future positive payoffs (sign effect).
ISSN	1545-2921