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BEGIN:VEVENT
DTSTAMP:20260626T125127Z
DTSTART;VALUE=DATE-TIME:20120216T143000
DTEND;VALUE=DATE-TIME:20120216T155000
SUMMARY:DR@W Forum - Chris Olivola (ÌÇÐÄTV ÌÇÐÄTV School)
TZID:Europe/London
UID:20120216-8a1785d77b065d9b017b5dc5cb4b1e94@warwick.ac.uk
CREATED:20111214T145154Z
DESCRIPTION:Chris Olivola (ÌÇÐÄTV ÌÇÐÄTV School) Patience Auctions: Th
 e Impact of Time versus Money Bidding on Elicited Discount Rates (joint 
 work with Stephanie W. Wang\, California Institute of Technology) We int
 roduce two auction-based methods for eliciting discount rates. In these 
 "patience auctions"\, participants bid the smallest future sum they woul
 d prefer -or- the longest time they would wait for a reward\, rather tha
 n receive a smaller\, immediate payoff. The most patient bidder receives
  the delayed reward\; all others receive the immediate payoff. These auc
 tions\, in addition to offering certain potential methodological advanta
 ges\, allow us to compare discounting when participants’ attention is fo
 cused on the temporal vs. monetary dimension of delayed rewards. We find
  that the best-fitting model and rate of discounting differ between thes
 e two theoretically equivalent bidding methods (time-bids vs. money bids
 ). Poster-February-16-2012
LOCATION:Library 3rd Floor Extension (Wolfson Research Exchange Area) - S
 eminar Room 1
CATEGORIES:Draw Forum
LAST-MODIFIED:20210819T093724Z
ORGANIZER;CN=Ganna Pogrebna:
END:VEVENT
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