Data and Code for: Correcting the Error in Gamma Discounting
- Szekeres, Szabolcs (Independent researcher)
In “Gamma Discounting” Martin L. Weitzman concludes that certainty equivalent discount rates should decline significantly over time. He draws this conclusion from fitting a Gamma distribution to the responses of 2,160 economists asked to give a discount rate estimate and calculating effective discount rates from it.
The paper to which this dataset pertains replicates Weitzman's calculations on the basis of the data of the above mentoned survey, and repeats the calcualtions with more appropiate methods.
Update Metadata: 2020-05-22 | Issue Number: 1 | Registration Date: 2020-05-22