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Replication data for: Risk Preferences Are Not Time Preferences: Separating Risk and Time Preference: Comment

Version
V0
Resource Type
Dataset
Creator
  • Miao, Bin
  • Zhong, Songfa
Publication Date
2015-07-01
Description
  • Abstract

    Andreoni and Sprenger (2012a,b) observe that utility functions are distinct for risk and time preferences, and show that their findings are consistent with a preference for certainty. We revisit this question in an enriched experimental setting in which subjects make intertemporal decisions under different risk conditions. The observed choice behavior supports a separation between risk attitude and intertemporal substitution rather than a preference for certainty. We further show that several models, including Epstein and Zin (1989); Chew and Epstein (1990); and Halevy (2008) exhibit such a separation and can account for the overall experimental findings. (JEL C91, D81, D91)
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.20131183 (Text)
Publications
  • Miao, Bin, and Songfa Zhong. “Comment on ‘Risk Preferences Are Not Time Preferences’: Separating Risk and Time Preference.” American Economic Review 105, no. 7 (July 2015): 2272–86. https://doi.org/10.1257/aer.20131183.
    • ID: 10.1257/aer.20131183 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Miao, Bin; Zhong, Songfa (2015): Replication data for: Risk Preferences Are Not Time Preferences: Separating Risk and Time Preference: Comment. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E112950