Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/62260
Year of Publication: 
2000
Series/Report no.: 
SFB 373 Discussion Paper No. 2000,2
Publisher: 
Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes, Berlin
Abstract: 
The experimental situation presents a complex stochastic intertemporal allocation problem. First, two initial chance moves select one of three possible termination probabilities which then determines whether life lasts 3,4,5, or 6 periods. Compared to Anderhub et al. (1997) participants are allowed to invest into a risky, but profitable asset. We investigate whether the willingness to invest can help to explain saving behavior, i.e. experimentally observed intertemporal decision making.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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