The effect of optimism bias on time preference
DOI:
https://doi.org/10.17811/ebl.2.3.2013.128-133Abstract
This paper examines the effect of optimism bias on monetary time preference and risk tolerance. The results of a survey show that preference towards the present increases with optimism bias. I argue that the factor which affects time preference is the individual’s concern regarding future events, as measured by optimism bias.
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