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Record W3122307015

Eliciting Individual-Specific Discount Rates

2003· preprint· en· W3122307015 on OpenAlexaboutno aff
Trudy Ann Cameron, Geoffrey R. Gerdes

Bibliographic record

VenueRePEc: Research Papers in Economics · 2003
Typepreprint
Languageen
FieldEconomics, Econometrics and Finance
TopicEconomic and Environmental Valuation
Canadian institutionsnot available
Fundersnot available
KeywordsHyperbolic discountingEconomicsDiscountingEconometricsHeteroscedasticitySample (material)
DOInot available

Abstract

fetched live from OpenAlex

Foundation (SBR 98-18875, 4/99-12/02) The opinions expressed in this paper are those of the authors and do not necessarily reflect the opinions of the Federal Reserve Board of Governors or its staff. Very helpful comments and suggestions were pro-vided by JR DeShazo, David Layton, and session participants at the Second World Congress of Environmental and Resource Economists (Monterey, CA, June 2002). The authors thank Vilija Gulbinas for able research assistance during the program-ming of the survey, and countless faculty at colleges and universities throughout the US and Canada who have introduced the online survey to their classes and encouraged them to participate. Without their generous help, this study could not have been completed. 1 Eliciting Individual-Specific Discount Rates Longstanding debate over the appropriate social discount rate for public projects stems from our lack of knowledge about how individual discount rates vary across people and across choice con-texts. Using a sample of roughly 15,000 choices by over 2000 individuals, we estimate utility-theoretic models concerning private tradeoffs involving money over time that reveal individual-specific discount rates. We control for experimentally differentiated choice scenarios, sociodemo-graphic heterogeneity, and elicitation formats, and complex forms of heteroscedasticity. Statisti-

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.008
metaresearch head score (Gemma)0.048
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Observational · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.009
Threshold uncertainty score0.044

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0080.048
Meta-epidemiology (narrow)0.0010.000
Meta-epidemiology (broad)0.0010.000
Bibliometrics0.0010.001
Science and technology studies0.0000.000
Scholarly communication0.0010.001
Open science0.0010.001
Research integrity0.0010.001
Insufficient payload (model declined to judge)0.0090.002

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.158
GPT teacher head0.304
Teacher spread0.146 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designObservational
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations3
Published2003
Admission routes1
Has abstractyes

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