Intertemporal Choice Experiments and Large-Stakes Behavior

Aycinena, Diego; Blazsek, Szabolcs; Rentschler, Lucas; Sprenger, Charles

doi:https://doi.org/10.48713/10336_45584

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Intertemporal Choice Experiments and Large-Stakes Behavior

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dc.creator	Aycinena, Diego	spa
dc.creator	Blazsek, Szabolcs	spa
dc.creator	Rentschler, Lucas	spa
dc.creator	Sprenger, Charles	spa
dc.date.accessioned	2025-06-05T20:21:41Z
dc.date.available	2025-06-05T20:21:41Z
dc.date.created	2019-12-01	spa
dc.date.issued	2019-12-01	spa
dc.description	Intertemporal choice experiments are frequently implemented to make inference about time preferences, yet little is known about the predictive power of resulting measures. This project links standard experimental choices to a decision on the desire to smooth a large-stakes payment — around 10% of annual income — through time. In a sample of around 400 Guatemalan Conditional Cash Transfer recipients, we find that preferences over large-stakes payment plans are closely predicted by experimental measures of patience and diminishing marginal utility. These represent the first findings in the literature on the predictive content of experimentally elicited intertemporal preferences for large-stakes decisions.	spa
dc.format.extent	63 pp	spa
dc.format.mimetype	application/pdf	spa
dc.identifier.doi	https://doi.org/10.48713/10336_45584
dc.identifier.uri	https://repository.urosario.edu.co/handle/10336/45584
dc.language.iso	eng	spa
dc.publisher	Universidad del Rosario	spa
dc.publisher	Alianza EFI	spa
dc.publisher.department	Facultad de Economía	spa
dc.rights	Attribution-NonCommercial-NoDerivatives 4.0 International	spa
dc.rights.accesRights	info:eu-repo/semantics/openAccess	spa
dc.rights.acceso	Abierto (Texto Completo)	spa
dc.rights.uri	http://creativecommons.org/licenses/by-nc-sa/4.0/	spa
dc.source.instname	instname:Universidad del Rosario	spa
dc.source.reponame	reponame:Repositorio Institucional EdocUR	spa
dc.subject.keyword	Structural estimation	eng
dc.subject.keyword	Out-of-sample prediction	eng
dc.subject.keyword	Discounting	eng
dc.subject.keyword	Convex Time Budget	eng
dc.title	Intertemporal Choice Experiments and Large-Stakes Behavior	spa
dc.type	workingPaper	spa
dc.type.hasVersion	info:eu-repo/semantics/publishedVersion	spa
dc.type.spa	Documento de trabajo	spa
local.department.report	Facultad de Economía