Universal time preference.
Ontology highlight
ABSTRACT:
SUBMITTER: Rieger MO
PROVIDER: S-EPMC7888607 | biostudies-literature | 2021
REPOSITORIES: biostudies-literature
Publications
Time preferences are central to human decision making; therefore, a thorough understanding of their international differences is highly relevant. Previous measurements, however, vary widely in their methodology, from questions answered on the Likert scale to lottery-type questions. We show that these different measurements correlate to a large degree and that they have a common factor that can predict a broad spectrum of variables: the countries' credit ratings, gasoline prices (as a proxy for e ...[more]
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