000			01134nam a22001577a 4500
999			_c515383 _d515383
008			210125b ||||| |||| 00| 0 eng d
100			_aCohen, Jonathan. et al. _923701
245			_aMeasuring time preferences
260			_aJournal of Economic Literature
300			_a58(2), Jun, 2020: p.299-347
520			_aWe review research that measures time preferences—i.e., preferences over intertemporal trade-offs. We distinguish between studies using financial flows, which we call "money earlier or later" (MEL) decisions, and studies that use time-dated consumption/effort. Under different structural models, we show how to translate what MEL experiments directly measure (required rates of return for financial flows) into a discount function over utils. We summarize empirical regularities found in MEL studies and the predictive power of those studies. We explain why MEL choices are driven in part by some factors that are distinct from underlying time preferences. – Reproduced
650			_aDynamic analysis _923702
773			_aJournal of Economic Literature
906			_aOPTIMIZATION TECHNIQUES
942			_cAR