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BEHAVIORAL DISCOUNTING: EMPIRICAL RESULTS AND POTENTIAL PITFALLS. / Bukhvalova, V.V.; Bukhvalova, Varvara; Vingert, Alexandra.

ANNUAL GSOM EMERGING MARKETS CONFERENCE 2019 : Conference book. СПб/ : Издательство Санкт-Петербургского университета, 2019. p. 297-303.

Research output: Chapter in Book/Report/Conference proceeding › Conference abstracts › Research › peer-review

Harvard

Bukhvalova, VV, Bukhvalova, V & Vingert, A 2019, BEHAVIORAL DISCOUNTING: EMPIRICAL RESULTS AND POTENTIAL PITFALLS. in ANNUAL GSOM EMERGING MARKETS CONFERENCE 2019 : Conference book. Издательство Санкт-Петербургского университета, СПб/, pp. 297-303, 6th international GSOM Emerging Markets Conference-2019, Санкт-Петербург, Russian Federation, 3/10/19.

APA

Bukhvalova, V. V., Bukhvalova, V., & Vingert, A. (2019). BEHAVIORAL DISCOUNTING: EMPIRICAL RESULTS AND POTENTIAL PITFALLS. In ANNUAL GSOM EMERGING MARKETS CONFERENCE 2019 : Conference book (pp. 297-303). Издательство Санкт-Петербургского университета.

Vancouver

Bukhvalova VV, Bukhvalova V, Vingert A. BEHAVIORAL DISCOUNTING: EMPIRICAL RESULTS AND POTENTIAL PITFALLS. In ANNUAL GSOM EMERGING MARKETS CONFERENCE 2019 : Conference book. СПб/: Издательство Санкт-Петербургского университета. 2019. p. 297-303

Author

Bukhvalova, V.V. ; Bukhvalova, Varvara ; Vingert, Alexandra. / BEHAVIORAL DISCOUNTING: EMPIRICAL RESULTS AND POTENTIAL PITFALLS. ANNUAL GSOM EMERGING MARKETS CONFERENCE 2019 : Conference book. СПб/ : Издательство Санкт-Петербургского университета, 2019. pp. 297-303

BibTeX

@inbook{8f8729d5e3b142bea517b5974fb645cd,
title = "BEHAVIORAL DISCOUNTING: EMPIRICAL RESULTS AND POTENTIAL PITFALLS",
abstract = "We document that results of empirical/experimental studies of discounting are sensitive to the list of questions. We compare results of our survey conducted in 2018 to the results of a similar smaller survey (Scholten and Read (2006)). Based on the overlapping questions, our results are remarkably similar to these earlier results. At the same time, the overall conclusions from our survey are markedly different. The earlier declared conclusions do not survive a more complete set of alternative choices offered to the respondents. A much greater share of respondents deviate from choice consistency between the alternatives. Deviations seem to increase in the considered time horizons and time intervals. This may be driven either by the direct effect of time on discounting or by inclusion of choices with higher nominal amounts. Sensitivity of discounting to amounts being discounted warrants further investigation.",
keywords = "BEHAVIORAL FINANCE, DISCOUNTING, INTERTEMPORAL CHOICE, SUBADDITIVITY, SUPERADDITIVITY, TRANSITIVITY, survey",
author = "V.V. Bukhvalova and Varvara Bukhvalova and Alexandra Vingert",
year = "2019",
language = "English",
pages = "297--303",
booktitle = "ANNUAL GSOM EMERGING MARKETS CONFERENCE 2019",
publisher = "Издательство Санкт-Петербургского университета",
address = "Russian Federation",
note = "6th international GSOM Emerging Markets Conference-2019, GSOM EMC 2019 ; Conference date: 03-10-2019 Through 05-10-2019",

}

RIS

TY - CHAP

T1 - BEHAVIORAL DISCOUNTING: EMPIRICAL RESULTS AND POTENTIAL PITFALLS

AU - Bukhvalova, V.V.

AU - Bukhvalova, Varvara

AU - Vingert, Alexandra

N1 - Conference code: 5

PY - 2019

Y1 - 2019

N2 - We document that results of empirical/experimental studies of discounting are sensitive to the list of questions. We compare results of our survey conducted in 2018 to the results of a similar smaller survey (Scholten and Read (2006)). Based on the overlapping questions, our results are remarkably similar to these earlier results. At the same time, the overall conclusions from our survey are markedly different. The earlier declared conclusions do not survive a more complete set of alternative choices offered to the respondents. A much greater share of respondents deviate from choice consistency between the alternatives. Deviations seem to increase in the considered time horizons and time intervals. This may be driven either by the direct effect of time on discounting or by inclusion of choices with higher nominal amounts. Sensitivity of discounting to amounts being discounted warrants further investigation.

AB - We document that results of empirical/experimental studies of discounting are sensitive to the list of questions. We compare results of our survey conducted in 2018 to the results of a similar smaller survey (Scholten and Read (2006)). Based on the overlapping questions, our results are remarkably similar to these earlier results. At the same time, the overall conclusions from our survey are markedly different. The earlier declared conclusions do not survive a more complete set of alternative choices offered to the respondents. A much greater share of respondents deviate from choice consistency between the alternatives. Deviations seem to increase in the considered time horizons and time intervals. This may be driven either by the direct effect of time on discounting or by inclusion of choices with higher nominal amounts. Sensitivity of discounting to amounts being discounted warrants further investigation.

KW - BEHAVIORAL FINANCE

KW - DISCOUNTING

KW - INTERTEMPORAL CHOICE

KW - SUBADDITIVITY

KW - SUPERADDITIVITY

KW - TRANSITIVITY

KW - survey

UR - https://www.elibrary.ru/item.asp?id=41724499

M3 - Conference abstracts

SP - 297

EP - 303

BT - ANNUAL GSOM EMERGING MARKETS CONFERENCE 2019

PB - Издательство Санкт-Петербургского университета

CY - СПб/

T2 - 6th international GSOM Emerging Markets Conference-2019

Y2 - 3 October 2019 through 5 October 2019

ER -

ID: 71887502