The Relation between Behavior under Risk and over Time

A-Tier
Journal: American Economic Review: Insights
Year: 2020
Volume: 2
Issue: 1
Pages: 1-16

Authors (3)

Anujit Chakraborty (not in RePEc) Yoram Halevy (University of Toronto) Kota Saito (not in RePEc)

Score contribution per author:

1.341 = (α=2.01 / 3 authors) × 2.0x A-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The paper establishes a tight relation between nonstandard behaviors in the domains of risk and time, by considering a decision-maker with non-expected utility preferences who believes that only present consumption is certain while any future consumption is uncertain. We provide the first complete characterizations of the two-way relations between the certainty effect and present bias, and between the common ratio effect and temporal reversals.

Technical Details

RePEc Handle
repec:aea:aerins:v:2:y:2020:i:1:p:1-16
Journal Field
General
Author Count
3
Added to Database
2026-01-25