TY  - JOUR
TI  - Intertemporal Preferences in Decision-making: An Experimental Test in Russia
T2  - HSE Economic Journal 
IS  - HSE Economic Journal 
KW  - intertemporal choice
KW  - decision making
KW  - hyperbolic discounting
KW  - consumers’ self-control
KW  - experimental economics
AB  - Normative approach to decision making that has prevailed in neoclassical economic theory, is nowadays giving way to descriptive approach driven by the empirical and experimental studies of human behavior. One of the key area of research in this field is intertemporal choice. Since 1980s, a large set of empirical studies and theoretical works on timing effects in decision making has been completted in the US, Europe and Israel. In view of possible institutional and cultural factors affecting intertemporal preferences, these are worth estimation in Russia. In the paper we report a replication study revealing intertemporal preferences and subjective perception of time on a sample of Russian subjects. Results confirm that the fundamental empirical regularities obtained in other countries, and suggest that the Russians tend to have slightly stronger preferences of present to future than their Western counterparts.
AU  - Stanislav Mishin
UR  - https://ej.hse.ru/en/2012-16-3/75429807.html
PY  - 2012
SP  - 404-426
VL  - 16