Universal time preference
| Autor: | Hens, Thorsten, Rieger, Marc O, Wang, Mei |
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| Přispěvatelé: | University of Zurich, Hens, Thorsten |
| Rok vydání: | 2020 |
| Předmět: |
Cross-Cultural Comparison
Fossil Fuels Science Decision Making Culture Materials Science Social Sciences Fuels Research and Analysis Methods Education Time Measurement Mathematical and Statistical Techniques Sociology Psychological Attitudes Cross-Cultural Studies Humans Psychology Statistical Methods Materials Conservation Science 1000 Multidisciplinary Principal Component Analysis Measurement Cultural Characteristics Models Statistical Schools Statistics Ecology and Environmental Sciences Biology and Life Sciences 10003 Department of Banking and Finance 330 Economics Energy and Power Time Perception Multivariate Analysis Physical Sciences Medicine Engineering and Technology Mathematics Environmental Protection Gasoline Research Article |
| Zdroj: | PLoS ONE PLoS ONE, Vol 16, Iss 2, p e0245692 (2021) |
| ISSN: | 1932-6203 |
| Popis: | Time preferences are central to human decision making; therefore, a thorough understanding of their international differences is highly relevant. Previous measurements, however, vary widely in their methodology, from questions answered on the Likert scale to lottery-type questions. We show that these different measurements correlate to a large degree and that they have a common factor that can predict a broad spectrum of variables: the countries' credit ratings, gasoline prices (as a proxy for environmental protection), equity risk premiums, and average years of school attendance. The resulting data on this time preference factor for N = 117 countries and regions will be highly useful for further research. Our aggregation method is applicable to merge cross-cultural studies that measure the same latent construct with different methodologies. |
| Databáze: | OpenAIRE |
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