Результаты исследований: Публикации в книгах, отчётах, сборниках, трудах конференций › тезисы в сборнике материалов конференции › научная › Рецензирование
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. стр. 297-303.Результаты исследований: Публикации в книгах, отчётах, сборниках, трудах конференций › тезисы в сборнике материалов конференции › научная › Рецензирование
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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