Negative and zero time preference for he
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Marjon M. Van Der Pol; John A. Cairns
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Article
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2000
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John Wiley and Sons
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English
β 50 KB
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 ra