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David McKenzie's blog

How stable are time preferences? Mixed evidence from two new studies

David McKenzie's picture
The discount rate used by individuals to trade off utility in the future against utility today is a fundamental parameter of decision theory. It is typically elicited in surveys by asking individuals to make choices between receiving an amount today, and a different amount at some point in the future. There are lots of key design issues involved in doing this (e.g.

Is the Impact Evaluation production function O-ring or a Knowledge Hierarchy?

David McKenzie's picture
The production process for many economics papers requires relatively few inputs: one or two researchers, their computers, a research assistant, and some data someone else has collected. Indeed Bob Hall notes that Robert Solow once remarked that the most powerful tool for research was one economics professor with one research assistant.

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