Experimental Economics Intertemporal Consumption

Student: Semenenko Aleksandra

Faculty: International College of Economics and Finance

Educational Programme: Double degree programme in Economics of the NRU HSE and the University of London (Bachelor)

Final Grade: 9

Year of Graduation: 2017

In this thesis I investigate deviation of observed consumption choices from theoretically optimal, allowing for time discounting of payoffs. Data for research was collected in laboratory experiment with real monetary payoffs. Results show that accounting for time preferences, on average, decreases the deviation, compared to treatment without accounting for discounts. However time discounting cannot fully explain observed overspending.

Full text (added June 16, 2017)

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