Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92591
Authors: 
Sasaki, Shunichiro
Xie, Shiyu
Ikeda, Shinsuke
Qin, Jie
Tsutsui, Yoshiro
Year of Publication: 
2008
Series/Report no.: 
ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 726
Abstract: 
The delay effect, that people discount the near future more than the distant future, has not been verified rigorously. An experiment conducted by us in China confirms that, by separating the delay from the interval, the delay effect exists only within a short delay. The results are reliable, because the rewards paid were very large, in order to elicit the subjects' true preferences. The interval and magnitude effects are also confirmed. Finally, subjects' procrastinating behavior, as reported in the questionnaire conducted at the end of the experiment, is explained by the time discount rates and the degree of the delay effect revealed in the experiment.
Subjects: 
discount rate
economic experiment in China
delay effect
naïfs and sophisticates
procrastination
JEL: 
C91
D91
Document Type: 
Working Paper

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