Time preferences for health in northern Tanzania: an empirical analysis of alternative discounting models.

@article{Robberstad2007TimePF,
  title={Time preferences for health in northern Tanzania: an empirical analysis of alternative discounting models.},
  author={Bjarne Robberstad and John Cairns},
  journal={PharmacoEconomics},
  year={2007},
  volume={25 1},
  pages={
          73-88
        }
}
AIM The discounted utility (DU) model has dominated economic evaluation for almost 7 decades, despite the fact that important assumptions of the model are commonly found to be violated. This paper formally explores whether the key assumption of stationarity is violated in a sample of the general population of Northern Tanzania. Furthermore, three hyperbolic discounting models are fitted to the data, and whether they perform better than the DU model in predicting individuals' time preferences is… CONTINUE READING

From This Paper

Topics from this paper.

Citations

Publications citing this paper.

Similar Papers

Loading similar papers…