Experimental economics study of risk and time preferences

本研究提出了一种新的理论来重新定义时间偏好，从而使我们能够独立于风险偏好而引出时间偏好。它对文献的贡献尤其重要，因为以前的研究没有成功地将风险偏好和时间偏好分开。在此基础上，提出了一种时间偏好的非参数启发方法。然后我用新方法进行了经济实验，并发现了以前从未报道过的新发现，如“未来偏差”和倒s型时间贴现函数。

This study develops a new theory to re-define time preference so that we can elicit time preference independently of risk preference. Its contribution to the literature is particularly significant as previous studies do not successfully separate risk and time preferences. Based on the new theory, I invent a non-parametric elicitation method of time preference. Then I conduct economic experiments with the new method and identify new findings, which have never been reported before, such as "future bias" and inverse-S shaped time discounting function.