• Intertemporal Choice Lists and Maximal Likelihood Estimation of Discount Rates 

      Sommervoll, Dag Einar; Holden, Stein T.; Tilahun, Mesfin (CLTS Working paper;09/23, Working paper, 2023-12)
      The experiments designed to estimate real-life discount rates in intertemporal choice often rely on ordered choice lists, where the list by design aims to capture a switch point between near- and far-future alternatives. ...
    • Is diminishing impatience in time-dated risky prospects explained by probability weighting? 

      Holden, Stein T.; Tilahun, Mesfin; Sommervoll, Dag Einar (CLTS Working paper;03/22, Working paper, 2022)
      We use a field experiment and a within-subject design based on multiple Choice Lists (CLs) that integrate time and risk. Diminishing impatience with extended time horizons is studied by varying time horizons from one week ...
    • Magnitude Effects and Utility Curvature in Inter-temporal Choice 

      Holden, Stein T.; Tilahun, Mesfin; Sommervoll, Dag Einar (CLTS Working paper;08/20, Working paper, 2020)
      The appropriate way to empirically estimate time-dated utility and time preferences based on experimental data has been subject to controversy. Our study assesses whether within-subject magnitude treatments are more ...
    • Mental Zooming as Variable Asset Integration in Inter-temporal Choice 

      Holden, Stein T.; Sommervoll, Dag Einar; Tilahun, Mesfin (CLTS Working paper;07/20, Working paper, 2020)
      Our time preferences deviate systematically from that of Homo economicus. They seem to be driven by a form of mental zooming, where higher and more distant payouts induce a more holistic perspective in contrast to smaller ...
    • Price and Hedonic Heterogeneity Measures in Local Housing Markets 

      Sommervoll, Dag Einar (CLTS Working paper;02/23, Working paper, 2023-01)
      In this paper, we develop a local housing stock heterogeneity measure. This measure may be used to monitor housing stock heterogeneity over time and in combination with other measures of policy interest. We illustrate the ...