Data and code for: "Testable Implications of Models of Intertemporal Choice: Exponential Discounting and Its Generalizations"

Principal Investigator(s):  View help for Principal Investigator(s) Federico Echenique, California Institute of Technology; Taisuke Imai, LMU Munich; Kota Saito, California Institute of Technology

Version:  View help for Version V1

Name File Type Size Last Modified
  code 01/21/2020 07:30:AM
  data 01/21/2020 07:25:AM
README.pdf application/pdf 162.2 KB 01/21/2020 02:42:AM

Project Citation: 

Echenique, Federico, Imai, Taisuke, and Saito, Kota. Data and code for: “Testable Implications of Models of Intertemporal Choice: Exponential Discounting and Its Generalizations.” Nashville, TN: American Economic Association [publisher], 2020. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2020-10-20. https://doi.org/10.3886/E116902V1

Project Description

Summary:  View help for Summary We present revealed-preference characterizations of the most common models of intertemporal choice: the model of exponentially discounted concave utility, and some of its generalizations. Our characterizations take consumption data as primitives, and provide nonparametric revealed-preference tests. We apply our tests to data from two recent experiments and find that our axiomatization delivers new insights and perspectives on datasets that had been analyzed by traditional parametric methods.
Funding Sources:  View help for Funding Sources National Science Foundation (SES~1558757); National Science Foundation (CNS-1518941); Deutsche Forschungsgemeinschaft (Germany)

Scope of Project

Subject Terms:  View help for Subject Terms exponential discounting; intertemporal choice; revealed preference
JEL Classification:  View help for JEL Classification
      D15 Intertemporal Household Choice; Life Cycle Models and Saving
      D90 Micro-Based Behavioral Economics: General


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V1 [2020-10-20]

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