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Frontiers in Behavioral Economics
Article . 2023 . Peer-reviewed
License: CC BY
Data sources: Crossref
https://doi.org/10.2139/ssrn.4...
Article . 2023 . Peer-reviewed
Data sources: Crossref
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Visual Continuous Time Preferences

Authors: Benjamin Prissé;

Visual Continuous Time Preferences

Abstract

We introduce the Visual Continuous Time Preferences (VCTP) task, a new tool for measuring time preferences that synthesizes the simplicity of Multiple Price List (MPL) and the precision of Convex Time Budget (CTB) tasks thanks to the use of a simple visualization. We evaluate VCTP in a lab experiment by comparing it to MPL using the same experimental design. Results suggest that VCTP effectively measures time preferences and enhances their precision without increasing task time or decreasing subject consistency. We also find that the BRIS payment scheme has an impact on outcomes, compared to hypothetical and real payments. We conclude that visual experiments can effectively measure economic preferences.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
1
Average
Average
Average
gold