𝔖 Bobbio Scriptorium
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Negative and zero time preference for health

✍ Scribed by Marjon M. Van Der Pol; John A. Cairns

Publisher
John Wiley and Sons
Year
2000
Tongue
English
Weight
50 KB
Volume
9
Category
Article
ISSN
1057-9230

No coin nor oath required. For personal study only.

✦ Synopsis

The assumption of positive time preference is seldom challenged in analyses of intertemporal choices, despite considerable evidence of zero and negative discount rates. In this study, the majority of respondents have positive discount rates, but a substantial number have negative or zero discount rates. Using probit regression, the perception of the severity of the health-state, gender, education and perception of the questions in terms of difficulty are shown to influence whether individuals have positive discount rates.

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