Essec\Faculty\Model\Contribution {#2233
#_index: "academ_contributions"
#_id: "1311"
#_source: array:26 [
"id" => "1311"
"slug" => "heterogeneous-risk-and-time-preferences"
"yearMonth" => "2016-08"
"year" => "2016"
"title" => "Heterogeneous Risk and Time Preferences"
"description" => "FERECATU, A. et ÖNCÜLER, A. (2016). Heterogeneous Risk and Time Preferences. <i>Journal of Risk and Uncertainty</i>, 53(1), pp. 1-28."
"authors" => array:2 [
0 => array:3 [
"name" => "ÖNCÜLER Ayse"
"bid" => "B00183494"
"slug" => "onculer-ayse"
]
1 => array:1 [
"name" => "FERECATU A."
]
]
"ouvrage" => ""
"keywords" => array:6 [
0 => "Risk and time"
1 => "Risk preferences"
2 => "Intertemporal choice"
3 => "Joint elicitation"
4 => "Hierarchical Bayes"
5 => "Heterogeneity"
]
"updatedAt" => "2021-02-02 16:16:18"
"publicationUrl" => "https://link.springer.com/article/10.1007/s11166-016-9243-x"
"publicationInfo" => array:3 [
"pages" => "1-28"
"volume" => "53"
"number" => "1"
]
"type" => array:2 [
"fr" => "Articles"
"en" => "Journal articles"
]
"support_type" => array:2 [
"fr" => "Revue scientifique"
"en" => "Scientific journal"
]
"countries" => array:2 [
"fr" => null
"en" => null
]
"abstract" => array:2 [
"fr" => "Assessing individuals’ time and risk preferences is crucial in domains such as health-related decisions (e.g., dieting, addictions), environmentally-friendly practices, and saving opportunities. We propose a new method to jointly elicit and estimate risk attitudes and intertemporal choices. We use a novel individual level estimation procedure based on a hierarchical Bayes methodology, which can integrate different functional forms for discounting and risk attitudes. This method provides individual level estimates, and allows us to explore the heterogeneity in the data. In addition, we report a negative correlation between risk and time preferences, implying that risk-seeking individuals are less patient and less willing to defer consumption."
"en" => "Assessing individuals’ time and risk preferences is crucial in domains such as health-related decisions (e.g., dieting, addictions), environmentally-friendly practices, and saving opportunities. We propose a new method to jointly elicit and estimate risk attitudes and intertemporal choices. We use a novel individual level estimation procedure based on a hierarchical Bayes methodology, which can integrate different functional forms for discounting and risk attitudes. This method provides individual level estimates, and allows us to explore the heterogeneity in the data. In addition, we report a negative correlation between risk and time preferences, implying that risk-seeking individuals are less patient and less willing to defer consumption."
]
"authors_fields" => array:2 [
"fr" => "Marketing"
"en" => "Marketing"
]
"indexedAt" => "2024-11-21T09:21:53.000Z"
"docTitle" => "Heterogeneous Risk and Time Preferences"
"docSurtitle" => "Articles"
"authorNames" => "<a href="/cv/onculer-ayse">ÖNCÜLER Ayse</a>, FERECATU A."
"docDescription" => "<span class="document-property-authors">ÖNCÜLER Ayse, FERECATU A.</span><br><span class="document-property-authors_fields">Marketing</span> | <span class="document-property-year">2016</span>"
"keywordList" => "<a href="#">Risk and time</a>, <a href="#">Risk preferences</a>, <a href="#">Intertemporal choice</a>, <a href="#">Joint elicitation</a>, <a href="#">Hierarchical Bayes</a>, <a href="#">Heterogeneity</a>"
"docPreview" => "<b>Heterogeneous Risk and Time Preferences</b><br><span>2016-08 | Articles </span>"
"docType" => "research"
"publicationLink" => "<a href="https://link.springer.com/article/10.1007/s11166-016-9243-x" target="_blank">Heterogeneous Risk and Time Preferences</a>"
]
+lang: "fr"
+"_type": "_doc"
+"_score": 9.064929
+"parent": null
}
