Published July 2015 | Published + Supplemental Material
Journal Article Open

Risk Preferences Are Not Time Preferences: Reply

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Abstract

Can the well-known experimental phenomenon of present-bias in intertemporal choice be confounded with the risks associated with receiving payment? Can measurements of risk preferences be used to represent desires for smoothness in intertemporal payments? In our two 2012 papers in this journal we explored these two questions and found the answer to the first to be yes and the second to be no. We feel the three papers inspired by our work and published here underscore these arguments and point to interesting new possibilities for modeling and measuring risk over time.

Additional Information

© 2015 American Economic Association. We are also grateful to the National Science Foundation, grants SES-0962484 and SES-1427355 (Andreoni), and grant SES-1024683 (Andreoni and Sprenger), for financial support. The authors declare that they have no relevant or material financial interests that relate to the research described in this paper.

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