Estimating Individual Discount Rates in Denmark: A Field Experiment

@inproceedings{Harrison2002EstimatingID,
  title={Estimating Individual Discount Rates in Denmark: A Field Experiment},
  author={Glenn W. Harrison and Morten Igel Lau and Melonie B. Williams},
  year={2002}
}
We estimate individual discount rates with respect to time streams of money using controlled laboratory experiments. These discount rates are elicited by means of field experiments involving real monetary rewards. The experiments were carried out across Denmark using a representative sample of 268 people between 19 and 75 years of age. Individual discount rates are estimated for various households differentiated by socio-demographic characteristics such as income and age. Our conclusions are… CONTINUE READING

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