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  3. American Economic Review
  4. July 2015
  5. Risk Preferences Are Not Time Preferences: Reply

American Economic Review

ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)

Risk Preferences Are Not Time Preferences: Reply

  • James Andreoni
  • Charles Sprenger
American Economic Review
vol. 105, no. 7, July 2015
(pp. 2287–93)
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Abstract

Can the well-known experimental phenomenon of present-bias in intertemporal choice be confounded with the risks associated with receiving payment? Can measurements of risk preferences be used to represent desires for smoothness in intertemporal payments? In our two 2012 papers in this journal we explored these two questions and found the answer to the first to be yes and the second to be no. We feel the three papers inspired by our work and published here underscore these arguments and point to interesting new possibilities for modeling and measuring risk over time. (JEL C91, D81, D91)

Citation

Andreoni, James, and Charles Sprenger. 2015. "Risk Preferences Are Not Time Preferences: Reply." American Economic Review, 105 (7): 2287–93. DOI: 10.1257/aer.20150311

Additional Materials

JEL Classification

  • C91 Design of Experiments: Laboratory, Individual
  • D81 Criteria for Decision-Making under Risk and Uncertainty
  • D15 Intertemporal Household Choice; Life Cycle Models and Saving